EU’s Moscovici Wants Greek Tragedy to Have Happy Ending

A top EU official urged Greece on Thursday to step up efforts to come up with a list of reforms, saying that reaching a deal with its international lenders was possible but that work must be intensified in the coming days.

“I really like Greek tragedy but now we must move to the happy ending,” EU Economic Affairs Commissioner Pierre Moscovici told RTL radio.

Referring to a June 18 meeting of euro zone finance ministers, he said: “In the coming days we must really intensify talks and they must be productive.”

Moscovici said divergences remained, in particular on Greece’s primary surplus, but added: “We are close to the landing strip. There is political will, we can and must succeed.”

via Reuters

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza