European debt crisis

Parliament budget office cautions against relaxing fiscal rules

Greece will have to maintain a prudent economic policy after the country exits its third bailout later in August, the Greek parliament's budget office said in its quarterly report published on Wednesday.

The budget office, whose role is largely advisory, says the government should not send messages that could be interpreted by markets as a shift in fiscal direction.

Brussels defends debt relief

The European Commission on Wednesday defended the Greek debt relief measures that the Eurogroup decided in June, in a manner of response to the International Monetary Fund, which had deemed the debt easing inadequate to render the debt sustainable in the long term.