Greece is ‘Very Close’ to Debt Deal, Says Pierre Moscovici

by Peter Spence, Economics Correspondent

Greece is “very close” to a debt relief deal, the EU’s economics chief has said, adding to hopes that the embattled economy can avoid another round of tense talks and uncertainty this summer.

Pierre Moscovici, the European economic affairs commissioner, said that Greece and its creditors were “approaching a crucial moment in these discussions and I am confident and and hopeful that we can reach a positive conclusion because it is simply in everyone’s interest to do so”.

Speaking at a G7 finance meeting in Japan, where talk of Greece’s debt woes has become a frequent topic of discussion on the sidelines, Mr Moscovici said that negotiators were “very close, very, very close” to a successful deal.

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