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   
  • 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
  • Germany Approves Greek Bailout Extension
    BERLIN—Germany’s lower house of parliament approved a four-month extension of Greece’s bailout Friday ... he said. The Greek debate represents an opportunity for the AfD because it has brought the two-year-old party’s founding issue—protesting ...
    02/26/2015 - 9:59 pm | View Link
  • Greece default fears: Tsipras not to seek extension of bailout program
    Greece's creditors - the European Commission, the European Central Bank and the International Monetary Fund - want the new government to seek ... bailout extension. Already Athens is being squeezed. After last week's decision by the European Central Bank ...
    02/9/2015 - 4:02 am | View Link
  • Greek Protestors Seek 'Stay of Execution' on Bailout
    They could help the Greek government make its case for less stringent bailout ... billion to 15 billion euros ($16.7 billion to $19.3 billion) to fund a two-year extension to its bailout. He added that the country hopes to be able to do this without ...
    09/26/2012 - 1:51 am | View Link
  • Samaras to seek bailout extension
    EU officials told Reuters last month that Athens was way off its bailout targets ... Citing a Greek government document, the Financial Times reported on Tuesday that the government put the price tag of a two-year extension at 20 billion euros.
    08/16/2012 - 1:00 pm | View Link
  • Greece Seeks at Least Two-Year Extension to Bailout Goals
    The Greek state is seeking to raise 50 billion euros from state assets, half of which are real estate, by 2020 to meet conditions of its bailout agreement. The process was halted after the country’s first election on May 6 produced no government.
    06/22/2012 - 9:00 pm | View Link
  • More
  • News from The Associated Press
    RIGA, Latvia (AP) -- Greece's European creditors sought to douse talk that they are making plans for a potential Greek exit from the euro and expressed hope Saturday ...
    04/25/2015 - 8:04 am | View Website
  • Greek government-debt crisis
    Overview . The downgrading of Greek government debt to junk bond status in April 2010 created alarm in financial markets, with bond yields rising so high, that ...
    04/24/2015 - 11:14 pm | View Website
  • Eurozone Agrees on Four-Month Extension of Greece Bailout
    Eurozone finance ministers agreed on extending the bailout for Greece by four months, under condition that Athens details adequate reforms by Monday
    02/20/2015 - 2:04 pm | View Website
  • Germany holds up Greek bid for euro zone loan extension ...
    Related Coverage › U.S. urges all sides in Greek talks to compromise › SLIDESHOW Germany holds up Greek bid for euro zone loan extension
    02/19/2015 - 5:32 pm | View Website
  • Greek bailout: US urges Athens to agree a deal
    Rolling coverage of the ongoing Greek debt talks, as Athens announces it will apply for a loan extension on Thursday. ECB raises Greek emergency liquidity cap
    02/18/2015 - 12:19 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