The European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici underlined the need to complete the bailout review as soon as possible in order to regain trust, in a video address at the Delphi Economic Forum.
According to the French officer, measures need to be taken to ensure that the midterm primary surplus targets are met. Mr. Moscovici also commented that the pension system reform, while challenging, is a crucial step that needs to be taken.
Actions must also be taken in order to improve income taxes and an independent tax authority, he opined. Mr. Moscovici further elaborated that while significant progress has been achieved, greater efforts are needs, in order to carry on talks, including the possibility of debt relief.
