EU Commissioner Pierre Moscovici reiterated this week, in an interview published by Politico, that Eurozone finance ministers should find a “new way” to ensure that thrice-bailed out Greece meets its commitments – i.e. reforms – to creditors after the current memorandum ends in August.
Moscovici, who is deemed as among the more “Greece-friendly” of European leaders, also said that it would be a mistake to consider that the situation with the Greek program is similar to other previously bailed-out Eurozone members, such as Ireland, Portugal and Cyprus.
He also said that European creditors must avoid creating a “disguised fourth memorandum”.
At the same time, Moscovici said creditors must monitor significant issues linked with detailed commitments, repeating the term “enhanced supervision”.
