During a radio interview in Radio France, Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs said he is confident the burden of Greek debt will be reduced and Greece has made great effort

Greece has made great effort and pushed significant reforms, said Moscovici, which should recreate a sense of trust and stability. He also expressed his confidence that the burden of Greek debt will be reduced.

Commenting on banking secrecy, the Commissioner said it is over as Europe is taking giant steps for a better fiscal system. He said the European Union is battling tax evasion and supporting transparency.