Post-Bailout Credit Line for Greece Potentially not Needed

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In connection with the effectiveness of anti-crisis measures taken by Greece, the country will probably not need a precautionary credit line after its bailout ends in August. Consequently, if at the end of the period for which the anti-crisis plan was designed, the state will continue to follow the reforms, then credit support will not be required.

However, some politicians of the European Union and employees of Greek central banks consider that Athens will not be able to go it alone without external financial support.

It should be pointed out that since 2010, Greece has received 260 billion euros in the form of financial assistance from the countries of the eurozone and the IMF. In the next few months, the finance ministers of the eurozone will consider whether Greece needs additional financial assistance.