April 26, 2018 / 10:04 AM / 7 months ago

Greece won't need precautionary credit line, EU's Juncker says

Greek Prime Minister Alexis Tsipras welcomes European Commission President Jean Claude Juncker at the Maximos Mansion in Athens, Greece, April 26, 2018. REUTERS/Alkis Konstantinidis

ATHENS (Reuters) - 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.

Reporting By Michele Kambas; Editing by Karolina Tagaris

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