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

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.
Comments (2)
  • I see that Greece managed to raised €4.063bn when it sold some of it's three-month treasury bills on Tuesday, whilst only paying a slightly inflated rate of 4.43%. This large sale surely must help the Greek government to avoid a cash crunch as it waits the next installment of its EU-IMF bailout package.
    15 Aug 2012, 04:56 AM Reply Like
  • yes but who bought them....??? That is how you can tell if its the Markket...or if its just the Central bank propping them up....
    15 Aug 2012, 07:50 AM Reply Like
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