Greece must see `viable` bailout exit: Dijsselbloem

Eurogroup President Jeroen Dijsselbloem on Monday said Greece must achieve a "viable and credible" bailout exit after four years of EU-IMF rescue programmes and a deep economic crisis.

AFP| Updated: Oct 14, 2014, 05:41 AM IST

Luxembourg: Eurogroup President Jeroen Dijsselbloem on Monday said Greece must achieve a "viable and credible" bailout exit after four years of EU-IMF rescue programmes and a deep economic crisis.

"There is a strong consensus on the fact that it has to be a sustainable exit and credible to all outside partners, however it is designed," said Dijsselbloem, who is also the Dutch finance minister, after a meeting of his eurozone colleagues.

"It has to be a prudent exit, which is what the Greek minister has said and I agree," he added.

After four years under an international rescue, Athens is eager to get free from the European Union and International Monetary Fund`s tight budgetary and policy leash.

The EU and ECB part of the program expires in December, and only about 1.8 billion euros ($2.3 billion) remains to be disbursed from the massive second bailout of Athens that amounted to about 240 billion euros, including a 2012 debt writedown that brought panic to the markets.

Last month Greek Prime Minister Antonis Samaras said he would forgo a new credit line, but on Friday he said his government was open to the possibility.

Dijsselbloem said a new credit arrangement was in the cards, but that whatever was decided would come with conditions, as with the bailouts.

"That is fact, not proposition," he said.