Pierre Moscovici

EC: Serbian economy will slow down

The European Commission (EC) on Thursday revised downwards its 2017 growth forecast for Serbia because of the impact of adverse weather conditions.

But the underlying growth trend remains robust, with economic activity expected to pick up already before the end of the year, Tanjug reported, citing EC's fall economic forecast.

Moscovici: Greece under fiscal supervision until it pays 75% of its loans

European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici said Greece would remain under fiscal supervision even after the current bailout programme expires based EU regulations until the government pays off at least 75% of its financial support it had received from either other EU member-states, the ESM and the EFSM.

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