February 8, 2018 / 2:37 PM / 7 months ago

Greece won't need fourth bailout, EU's Moscovici says

ATHENS (Reuters) - Greece will not need a new international aid programme after its third bailout ends in August, the European Commissioner for Economic and Financial Affairs Pierre Moscovici said in Athens on Thursday.

European Economic and Financial Affairs Commissioner Pierre Moscovici meets with Greek Prime Minister Alexis Tsipras (not pictured) at the Maximos Mansion in Athens, Greece Feruary 8, 2017. REUTERS/Costas Baltas

“There won’t be a new programme, there won’t be a fourth bailout or anything else,” Moscovici told reporters after meeting Prime Minister Alexis Tsipras.

Asked if measures to reduce Greece’s debt would be agreed by August, Moscovici said: “I think that in June there must be a comprehensive agreement as to how we will finally exit the programme and how we can manage medium-term debt relief measures.”

Reporting by Angeliki Koutantou; Writing by Karolina Tagaris, editing by George Georgiopoulos

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