FinMin Tsakalotos: 'Clean break' after Aug.; no need for precautionary credit line

Wednesday, 31 January 2018 13:57
UPD:14:01
REUTERS/COSTAS BALTAS

He also again underlined that the leftist-rightist coalition government "has no reason" to seek a precautionary credit line.

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Greek Finance Minister Euclid Tsakalotos again referred to a "clean break" with creditors after the ongoing - and third consecutive program - ends in August 2018, in an interview carried by Reuters.

He also again underlined that the leftist-rightist coalition government "has no reason" to seek a precautionary credit line.

Tsakalotos pointed instead to a "cash buffer" that will derive reserves from unused bailout funds that will support the country “for well over a year".

Reuters said a post-bailout era in the recession-battered country will emphasize reforms, growth and what he called "social policies," while again favoring a French proposal linking debt relief to Greece's future economic growth.

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