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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