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

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

Greece will not need a new worldwide aid program after its third bailout ends in August, the European Commissioner for Economic and Financial Affairs Pierre Moscovici said in Athens on Thursday.

A euro zone finance ministers meeting is scheduled for June 21.

"The exit from the bailout is becoming apparent and under very good circumstances", Moscovici said.

Greek public debt is forecast at 180 percent of gross domestic product this year.

The government aims to create a cash buffer of about 20 billion euros ($24.5 billion) by the time its bailout program ends in August, of which half will come from markets and the rest from European Stability Mechanism bailout funds. "This success is real and on this basis we will inspect what will follow afterwards, what the supervision that Greece will be after the programme", noted Moscovici, adding that his personal point of view has always been that Greece belongs in the "heart" of the eurozone and the EU.

"Being in the programme means being in the programme, being out of the programme means being out of the programme, there can not be a fourth programme or any kind of fourth programme, either a precautionary programme".

Moscovici, who is in Greece for talks on the next steps in the program, said it was up to Athens to devise a strategy for exiting its bailout and the post-bailout surveillance period.

Greece made a new successful test return to markets on Thursday, selling a 7-year state bond with yield set at 3.5 percent, Greek national news agency AMNA reported.

Like this



08 February 2018
Favorable Press Coverage Somewhat Unlikely to Affect Chimera Investment (CIM) Share Price
Deutsche Bank raised shares of Chimera Investment from a "hold" rating to a "buy" rating in a report on Wednesday, January 31st. SG Americas Securities LLC purchased a new position in shares of Chimera Investment in the 3rd quarter worth about $145,000.

08 February 2018
'Mass STABBING' at Christian church ceremony leaves two in critical condition
Police say children were inside with about 10-12 people and a few more church members were arriving when the assault occurred. Those attending services at the home have been gathering there each day as part of a "40-day pledge", Clement said.

08 February 2018
Star player picks Florida - and his mom storms out
Copeland's response was, " I'm not sure". "God led me and my gut led me to where my heart desired". Seated to his right was his mother, wearing an Alabama sweatshirt and a Tennessee knit hat.

08 February 2018
Stocks Movement Analysis: Weatherford International plc (WFT), Exxon Mobil Corporation (XOM)
ILLEGAL ACTIVITY WARNING: This article was first published by Registrar Journal and is the sole property of of Registrar Journal. Finally, Phoenix Investment Adviser LLC raised its position in shares of Weatherford International by 9.0% in the third quarter.

08 February 2018
Warren G's son, five-star CB Olaijah Griffin, commits
And he revealed his decision by having his father, the rapper Warren G , pop a black balloon full of gold confetti. Snoop's son Cordell Broadus committed to UCLA to play football but left the team in 2016.

08 February 2018
Wes Hoolahan Hangs Up International Boots
Republic of Ireland midfielder Wes Hoolahan has announced his retirement from global football at the age of 35. I really enjoyed the Euros in France and after that, I said it would be just one more campaign.

08 February 2018
Dana Reacts As Air Aircraft Emergency Door Falls Off
The airline also debunked reports that the seat or door of the said plane was shaking while airborne to Abuja. Below is the statement released by Kingsley Ezenwa, the airline's manager, media and communications.

08 February 2018
Bare passenger forces Alaska Airways aircraft to land
Airport police and Federal Bureau of Investigation met the plane when it landed, and the man was escorted off the plane. The Boeing 737's flight crew and other passengers who witnessed part of the incident were also interviewed.

08 February 2018
(CMCSA) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The Wisconsin-based Northern Capital Limited Liability Corporation has invested 0.6% in Comcast Corporation (NASDAQ:CMCSA).

08 February 2018
Gentex (NASDAQ:GNTX) Stock Rating Reaffirmed by B. Riley
Also, there are 0 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.67 average brokerage recommendation. Employees Retirement Association Of Colorado holds 0% of its portfolio in Alexander & Baldwin, Inc.