Daily Management Review

Greece To Overcome ‘Debt Piles’ Without ‘Credit Line’ & ‘Extra Austerity’


04/26/2018


The EU investors and Greece are working closely to relieve the latter’s debt burden without backtracking its “reform”.



The Prime Minister of Greece, Alexis Tsipras said that his country is capable of exiting “its third bailout” without any support in the form of “precautionary credit line” request of adoption of “more austerity”.
 
The Prime Minister, Tsipras held a press conference in Athens jointly with the “EU Commission President Jean-Claude Juncker”. During the conference, the former addressed the press to inform that Greece does not have any intention of backtracking on “its reform”, as it is “on track” as far as its “fiscal targets” for “2018-20” is concerned.
 
According to Reuters’ report, Tsipras stated that the EU lenders are Athens are almost finalising a framework which could help in reducing Greece’s “huge debt pile”.
 
References:
reuters.com







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