Extending Greece loan program ‘out of the question’: EU’s Moscovici

Washington (AFP) – The European Union has no plans to extend Greece’s financing program beyond the planned August end date, EU Economic Affairs Commissioner Pierre Moscovici said Thursday.

“It is out of the question. Our common goal is to conclude this joint program in time,” Moscovici told AFP.

“There is no reason to change course…to change the deadline. Greece must conclude its program in the summer,” he said in an interview.

The comments came after reports from a German newspaper that creditors are considering an extension of the 86-billion-euro program.