April 26, 2018 / 9:44 AM / a month ago

Greece does not need credit line, extra austerity - PM

ATHENS (Reuters) - Greece can exit its third bailout without requesting a precautionary credit line and without adopting more austerity, Prime Minister Alexis Tsipras said on Thursday.

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

Tsipras, who was speaking during a joint press conference with EU Commission President Jean-Claude Juncker in Athens, said Greece does not intend to backtrack on its reforms and is on track to meet its fiscal targets for 2018-20.

He said Athens and its EU lenders are also close to agreeing on a framework to reduce the country’s huge debt pile.

Reporting by Renee Maltezou; Editing by Karolina Tagaris

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