June 9, 2017 / 6:37 AM / a year ago

EU's Moscovici calls for solution on Greek debt relief

BERLIN (Reuters) - EU Currency Commissioner Pierre Moscovici called for efforts to reach a solution on Greek debt relief when the Eurogroup meets next week, saying he did not view the compromise proposal from May as a sufficient basis for discussion.

European Economic and Financial Affairs Commissioner Pierre Moscovici presents the EU executive's economic forecasts during a news conference at the EU Commission headquarters in Brussels, Belgium May 11, 2017. REUTERS/Francois Lenoir

“It cannot be that we give Greece the exact same proposal as last time after all its efforts, with the motto, ‘Eat or Die’. That cannot be,” Moscovici told German magazine WirtschaftsWoche.

The EU commissioner said it was important to reach a deal: “No one would understand if we create a crisis out of nothing.”

Greece this week urged European lenders to offer incentives that would boost growth and help break an impasse between the euro zone and the International Monetary Fund on the size of relief the country needs to make its debt sustainable.

Reporting by Andrea Shalal; Editing by Michelle Martin

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