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.
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