As expected, an extension of 2 years for Greece to meet its debt/deficit targets has been...

|By:, SA News Editor

As expected, an extension of 2 years for Greece to meet its debt/deficit targets has been approved by the Eurogroup (watch press conference here). The Troika has reportedly estimated Greece will need another €32.6B in financing along with the extension. Another meeting of EU finmins is scheduled for Nov. 20 at which disbursement of the next tranche of bailout money is likely to be okayed.