Tsipras Says Greece Will Make 'Clean' Exit from Program in 2018, Will Not Need Credit Line

Tsipras Says Greece Will Make 'Clean' Exit from Program in 2018, Will Not Need Credit Line

Greece will make a "clean" exit from its adjustment program in 2018 and will not need a credit line, Prime Minister Alexis Tsipras said in a speech on Thursday, addressing an Economist Conference held in a hotel in southern Athens.
"Greece will not foray into the markets protected, for publicity reasons. [Greece] will have earned it and [will do it] in conditions of sustainability. This is why Greece will not seek in the summer of 2018 a credit line of support with new commitments, that is, a disguised memorandum to leave the program. But after the decision on June 15, we are certain it will make a 'clean' exit to the markets and finally bid farewell to the memoranda," he said.
Tsipras noted the country has high-quality products, networks, infrastructure, know-how and, above all, a human potential with knowledge and skills.
"For this reason, our commitment is primarily to reforms that will make the most of the above competitive advantages. To create new jobs, with stable labour relationships and decent wages," he explained, and reiterated his vision for fair growth that has a positive impact on all of society.

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