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Greece is expected to exit bailout programs in August

31 January 18 | Eucleides Tsakalotos
Eucleides Tsakalotos

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IBI Group

Consultant - GREECE

Savills

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ETAD.A.E.

Public entity - GREECE

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Antulio Richetta

Director IBI Group
"Greece is expected to accomplish a “clean exit” from official lenders when its international bailout program expires this August and has no reason to seek a precautionary credit line," Finance Minister Euclid Tsakalotos said in an interview with Reuters.

 

Tsakalotos told Reuters that the country is building up its own protective buffer that, along with unused European bailout funds, would cover Greece “for well over a year”, if needed. In coming months, he said, the country would be preparing its own post-bailout plan with an emphasis on reforms, social policies and growth.

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