Greek Government To Seek Two-year Extension To Bailout Term

Greek Bailout

ATHENS (Reuters) - Greece's new government is to ask lenders for two more years to hit fiscal targets, responding to huge public pressure for a softening of an international bailout but setting up a showdown with its euro zone partners.

Sections:  news   world   
RELATED ARTICLES
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailoutCyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demandBaby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Swedish police find drugs on Bieber tour busSwedish police find drugs on Bieber tour bus
    The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More
BING NEWS:
  • The Latest: Euro chief says 'crazy to extend' Greek bailout
    Greece's European bailout program ends at the end of Tuesday, and the country has not managed to agree on an extension or a new deal ... and that the government has proposed a two-year deal with Europe's bailout fund. Details over the offer with the ...
    06/30/2015 - 8:21 am | View Link
  • Angela Merkel: Germany won't discuss Greek bailout deal until after Greek referendum
    Angela Merkel has said Germany won't consider a new proposal from Greece until after Sunday's referendum, after the country proposed a new two-year bailout extension to ... The Greek government will until the end seek a viable agreement within the euro.
    06/29/2015 - 5:12 pm | View Link
  • Greek gov't reaches "basic agreement" on austerity package, opposition continues
    27 (Xinhua) -- Greece's three-party coalition government agreed Thursday on the main axes of the fresh austerity measures for 2013-2014 requested by international creditors in return for further vital bailout ... is to secure a two-year extension of ...
    09/27/2012 - 2:29 am | View Link
  • Greek GDP Contracts Again
    bailout, forcing the government to seek a two-year extension to the loan agreement. The Greek national statistics agency Elstat said Monday that the contraction rate in the first three months of the period was 6.5% year-on-year after a drop of 7.5% in the ...
    08/12/2012 - 10:27 pm | View Link
  • Greek coalition government wrestles with new cuts
    ATHENS, Greece – The three parties in Greece's young coalition government failed Monday to finalize a major new package of budget savings that rescue lenders are demanding as a condition for continued bailout ... obtain a two-year extension on its ...
    07/29/2012 - 1:00 pm | View Link
  • More
BING SEARCH:
  • International News | World News
    Yahoo!-ABC News Network | © 2016 ABC News Internet Ventures. All rights reserved.
    11/27/2016 - 7:01 am | View Website
  • Publications | Dimitri B. Papadimitriou | Levy Economics ...
    The Greek government has agreed to a new round of fiscal austerity measures consisting of a sharp increase in taxes on income and property and further reductions in ...
    11/27/2016 - 3:55 am | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    11/26/2016 - 8:38 pm | View Website
  • Opinion
    24 Nov 2016, 1:56pm Comment: British politics will soon be a fight between Tony Blair and Nigel Farage, with Theresa May stuck in the middle
    11/26/2016 - 7:41 pm | View Website
  • Big Government Articles
    Big government is a term used by conservatives to describe a government that has too much power over others. It can also mean that some government polices can be too ...
    11/26/2016 - 5:39 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News