AP NEWS

EU urges Greece to step up reforms to get debt relief

February 28, 2019
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European Commissioner for Economic and Financial Affairs Pierre Moscovici speaks during his meeting with Greek Prime Minister Alexis Tsipras, in Athens, on Thursday, Feb. 28. 2019 .(AP Photo/Petros Giannakouris)

ATHENS, Greece (AP) — The European Union’s top finance official says the Greek government can step up its reforms to qualify for a large debt relief payout in 10 days.

Finance Commissioner Pierre Moscovici visited Athens a day after the European Commission said Greece had fallen behind on at least six major reforms. Eurozone finance ministers will meet on March 11 and decide whether to grant Greece a debt relief package worth nearly 1 billion euros ($1.1 billion).

Moscovici met Prime Minister Alexis Tsipras Thursday and said discussions concentrated on two main issues: long-delayed plans to privatize coal-fired power stations and overhaul a protection scheme for insolvent mortgage holders so banks could reduce their huge stock of soured loans.

Moscovici said overcoming those delays was “doable” before the March 11 meeting.