Greece Must Improve Pension Bid to Win Debt Ease, Moscovici Says
- Teams poised to travel to Athens to start program review
- Moscovici to speak with Tsipras, IMF's Lagarde while in Davos
Climate Very Constructive in Greece Talks: Moscovici
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Greece must improve its pension proposals in order to move ahead with its bailout program and start discussions on easing its debt burden, European Union Economic Affairs Commissioner Pierre Moscovici said.
Greek Prime Minister Alexis Tsipras needs to offer “more precise parameters” on his nation’s plan to overhaul the pension system, Moscovici said in an interview at the World Economic Forum in Davos, Switzerland. So far, Greece has a “comprehensive and positive” first draft that needs to be fleshed out, he said.