Greek PM says bailout review can be concluded without legislating new measures

Greek PM says bailout review can be concluded without legislating new measures

by Joseph Anthony
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Greek Prime Minister Alexis Tsipras: ‘exit from the programme in mid-2018 is visible’

Greece will conclude the second review of its bailout progress without legislating new austerity measures beyond 2018, when the aid programme ends, the countryโ€™s prime minister said on Wednesday.

โ€œThe exit from the programme in mid-2018 is visible,โ€ Alexis Tsipras told parliament. โ€œThe bailout review will be concluded, and it will be concluded without legislating additional measures for beyond the end of the programme.โ€

Athens wants a fast conclusion of the review to be included in the European Central Bankโ€™s bond buying programme, which would pave the way for its return to bond markets.

But the review has stalled due to differences among its official creditors โ€“ European Union institutions and the International Monetary Fund โ€“ over the countryโ€™s ability to meet fiscal targets beyond 2018.

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