(Greece) – Pierre Moscovici, the European Commissioner for Economic and Financial Affairs, is planning to visit Athens for an official visit on Monday July 18, 2016. He is planning to meet with Greek Prime Minister Alexis Tsipras first before attending a working lunch with several other Greek politicians. These include the George Stathikis, who is the Greek Economy Minister, George Katrougalos, who is the Greek Labor Minister, Euclid Tsakalotos, the Greek Finance Minster, and Giorgos Chouliarakis, the Alternate Finance Minister in Greece. After the lunch, Moscovici will take part in a joint press conference with Euclid Tsakalotos at a location in Athens, Greece. Heis also planning to give a speech at the Greek Parliament’s plenum of the country’s Financial, Production, Trade, and European Committees.
Panos Karvounis, the head of the Greek representation of the European Union in Greece, said in response to Moscovici’s visit, “We welcome Commissioner Moscovici, a European friend of Greece that never lost his trust in the country’s ability to recover and return where it belongs, inside the European economy. After the completion of the first review, the focus on the structural reforms, the fiscal stability and the promotion of the investments is absolutely essential. The main point of the second review is reforms to be implemented and not remain only at the adoption level with aim the restart of the growth. In this demanding course, the European Commission was and remains Greece’s stable supporter.”
This visit is being made in response to the economic situation in Greece. Greece recently received the first wave of payments from its third bailout since 2010. Greece has been in a recession since around 2009. The international creditors of these bailouts have said that the Greek government needs to cut spending and increase revenue. It is widely believed that this third bailout has helped to stabilize the Greek economy for the present time.