It is incorrect of Greece to say that it and its creditors are three-quarters of the way to reaching a deal, EU Commissioner for Economic and Monetary Affairs Pierre Moscovici said Thursday.

"It is wrong to say, like the Greeks have, that we've gone three-quarters of the way to reaching a deal," Moscovici told French public radio, France Culture, on the sidelines of a meeting of Group of Seven finance ministers and central bank governors in Germany. "There's still a lot of work to do," he added.