February 8, 2018 / 2:37 PM / 14 days 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.

“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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