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

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.
Comments (2)
  • Booooooring..............
    12 Nov 2012, 05:22 PM Reply Like
  • Loan after loan after loan. Will this ever all be repaid, I doubt it.
    12 Nov 2012, 05:24 PM Reply Like
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