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Greece does not need credit line, extra austerity - PM

Reuters

ATHENS (Reuters) - Greece can exit its third bailout without requesting a precautionary credit line and without adopting more austerity, Prime Minister Alexis Tsipras said on Thursday.

Tsipras, who was speaking during a joint press conference with EU Commission President Jean-Claude Juncker in Athens, said Greece does not intend to backtrack on its reforms and is on track to meet its fiscal targets for 2018-20.

He said Athens and its EU lenders are also close to agreeing on a framework to reduce the country's huge debt pile.

(Reporting by Renee Maltezou; Editing by Karolina Tagaris)