Economics

Next Greek Aid Program Isn’t on Table Yet, EU’s Moscovici Says

European Union economics commissioner Pierre Moscovici. Photographer: Andrew Harrer/Bloomberg

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Talks on a possible third bailout for Greece can begin once its government bridges “substantial” differences with creditors over its current loan arrangement, European Union economics commissioner Pierre Moscovici said.

“We first need to close the review of the second program, to conclude the program, and then we’ll be capable of talking about further arrangements,” he said in a Bloomberg television interview Friday. “Let’s not confuse those problems, those challenges -- each of them is quite difficult, delicate, but each of them can be addressed.”