European Union officials urged Greece and its lenders today to conclude a bailout review quickly to avert fresh uncertainty hovering over the crisis-hit nation and warned that a stalemate could harm its nascent economic recovery. Inconclusive talks between Greece and its international creditors on economic reforms and debt relief have cast doubt over the future of Greece's 86 billion euro bailout programme. <br/><br/>European Commissioner for Economic and Financial Affairs Pierre Moscovici said he is hopeful for a political agreement before a meeting of euro zone Finance Ministers next Monday. Greece could be willing to compromise, he said, if it were given space to accommodate and protect those hit by the crisis. The Greek government has resisted the imposition of more austerity by the lenders, particularly on groups such as pensioners who have already seen 11 cuts to their income.
News On AIR | February 16, 2017 4:58 PM
EU officials call for swift deal on Greece to avert fresh uncertainty