Alexis Tsipras

EU executive: Greece will exit bailout without backup loan

Greece should emerge from its third and final bailout in a few months' time without the need for a backup loan from its creditors, European Commission President Jean-Claude Juncker said Thursday.

Juncker spoke after meeting with Prime Minister Alexis Tsipras ahead of a eurozone finance ministers' meeting in Sofia, Bulgaria, where Greece's finance minister will present his country's post-bailout plans.

Greece's central bank has advocated the country take a so-called "precautionary credit line" after it exits its bailout this August, in order to ease it back into the global financial markets it lost access to in 2010. But the move could be politically unpopular...

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