Published On: Fri, Oct 17th, 2014

Greece says talking to lenders on post-bailout credit line

Greece's Prime Minister Samaras attends a parliament session before a confidence vote for the country's coalition government in Athens

ATHENS (Reuters) – Greek Prime Minister Antonis Samaras on Friday said his government is in talks with lenders over the country’s post-bailout period, including a potential credit line Athens could tap in case of market turmoil.

“It has been clear from Greece’s side that we don’t need a new bailout, ” Samaras said in a statement.

“In any case, we all agree that Greece will stick to the path of reforms. Therefore, there is agreement on the day after and there is a serious discussion with our partners and lenders on the first transitional phase.”

Samaras wants Greece to abandon an EU/IMF bailout by the end of the year, over a year ahead of schedule.

Last week he said Athens was discussing the possibility of a precautionary credit line after the IMF suggested Greece pursue such an option. Speculation on such a facility has grown in recent days following a three-day selloff in Greek stocks and bonds.

(Reporting by George Georgiopoulos, Writing by Deepa Babington)

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