Saturday 19 January 2019

Greece wont need precautionary credit line - EU's Jean-Claude Juncker

Jean Claude Juncker
Jean Claude Juncker Business Desk Business Desk

European Commission President Jean-Claude Juncker said on Thursday he anticipated Greece could emerge from its bailout later this year without any precautionary credit line set aside for the country.

Juncker, who was visiting Athens, also said that the achievements of Greece, which implemented broad reforms in return for bailout funds, were "excellent".

"We want to apply every effort to ensure that the exit of Greece from the bailout is a clean one. And that there will not be any precautionary line," Juncker said in comments translated into Greek after meeting Greek Prime Minister Alexis Tsipras.

More to follow...


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