Malta is in favour of flexibility that would allow Greece some fiscal and economic latitude to continue addressing the economic and social consequences of the crisis once it is committed to honour its debt obligations, Finance Minister Edward Scicluna said.

He said at the Euro Area Finance Ministers meeting yesterday that theGreek authorities should work within the context of the current programme to ensure a smooth period towards eventual new and mutually agreed arrangements that would safeguard the financial and economic interests of both Greece and the euro area.

Such outcomes, he said, could only be achieved through intense constructive dialogue, an open and trust-worthy working relationship between all the relevant stakeholders, and mutual respect and solidarity.