Greek PM Antonis Samaras will next week ask Angela Merkel and Francois Hollande for a two-year...

|By:, SA News Editor

Greek PM Antonis Samaras will next week ask Angela Merkel and Francois Hollande for a two-year extension to the country's latest austerity program, the FT reports. Greece wants to spread the cuts until 2016, with the budget deficit falling 1.5 percentage point a year rather than 2.5 points. The plan would require another €20B, although Greece wouldn't ask the eurozone for the cash.