Centeno points to credit line

Eurogroup President Mario Centeno told the European Parliament on Wednesday that Greece ought to assess and utilize all the mechanisms and tools at its disposal, thereby retabling the precautionary line of credit, as this is one of the instruments available.

He did clarify that the precise arrangement at the point of exit from the bailout program in August rests with the Greek government, echoing the view expressed by European Central Bank President Mario Draghi when asked about the possibility of another program for Greece.

Centeno's remark came two days after Draghi expressed concern at the Eurogroup meeting about Greece's full return to the markets and the rise in bond yields, which drew a strong reaction from Finance Minister Euclid Tsakalotos. Speaking at the European Parliament, the Greek official was again adamant against the line of credit.

The government...