EU executive: Greece will exit bailout without backup loan - News Summed Up

EU executive: Greece will exit bailout without backup loan


Greece should emerge from its third and final bailout in a few months' time without the need for a backup loan from its creditors, European Commission President Jean-Claude Juncker said Thursday. The Greek prime minister said his country was "very close to achieving and we will achieve what we call a 'clean exit'." Greece's creditors have promised to provide some form of debt relief to help the country get back on its feet. Greece has depended on international bailouts since 2010, and has had to push through stringent austerity measures in return. At the height of the crisis Greece repeatedly came to the brink of crashing out of the euro, the common currency used by 19 EU members.


Source: ABC News April 26, 2018 08:16 UTC



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