Greek economy on track, Tsipras and Moscovici agree

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ATHENS, Feb. 28 (Xinhua) -- Greece's economy stays on track and the upcoming Eurogroup meeting on March 11 is expected to send a positive signal to the international markets, Greek Prime Minister Alexis Tsipras and the EU Commissioner for Economic and Financial Affairs Pierre Moscovici, said here on Thursday.

Moscovici is on a two-day visit to Greece for talks on the country's progress after its exit from the 8-year bailout era last August.

"I believe that we are on a good track. I believe that the reforms that we did in the previous time now are in a position to show the results, and that's why now we have an over-performance of Greek economy and these very good signals," Tsipras said in a statement broadcast by Greek state television ERT.

"I also believe that the Greek economy is clearly in a recovery. I think that now we are in a new phase," Moscovici said.

The commissioner said he expects that there will be a positive decision by the Eurogroup on March 11 that will lead to the disbursement of one billion euros (1.14 billion U.S. dollars), which would be a signal to the markets that this is "a credible Greece on its way".

On Wednesday, the European Commission announced that Greece had made further progress in reforms during the first months of the post-bailout period, but more needed to be done in the coming weeks before the release of data on profits from Greek state bonds held by eurozone central banks.

Greece struck a debt relief deal with eurozone creditors last June to continue various reforms even after its third bailout program ended in August. The European Commission is tasked with monitoring the progress of reforms. Enditem

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