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 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 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 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:
  • Eurozone refuses Greek bailout extension
    The Greek government submitted a proposal for a two-year rescue program from the eurozone bailout fund to cover its financing ... also asked for an extension of the existing EUR245 billion rescue program. But eurozone finance ministers decided in a ...
    06/29/2015 - 9:01 pm | View Link
  • Merkel crushes hopes of last gasp Greek bailout extension
    Tsipras, who says the creditors' proposals for pension cuts and tax hikes would ruin Greece, responded with a counter-proposal requesting a two-year deal covering ... for allowing the bailout program to expire. EU and Greek government sources said Juncker ...
    06/29/2015 - 1:00 pm | 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 ...
    09/25/2012 - 8:51 pm | View Link
  • Greek bailout talks bogged down over cuts
    Greece must agree spending cuts and other public sector savings of €11.5bn-€11.9bn, or 5.7 per cent of GDP as part of the second bailout ... Samaras and other government officials have made it known they will seek a two-year extension of the fiscal ...
    09/21/2012 - 1:19 am | View Link
  • Greek coalition government wrestles with new cuts
    ATHENS, Greece (AP) -- 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 ...
    07/29/2012 - 11:10 pm | View Link
  • More
BING SEARCH:
  • European debt crisis
    The European debt crisis erupted in the wake of the Great Recession around late 2009, and was characterized by an environment of overly high government structural ...
    03/27/2017 - 1:21 am | View Website
  • U.S. News | Latest National News, Videos & Photos
    Get the latest breaking news across the U.S. on ABCNews.com
    03/26/2017 - 9:25 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 ...
    03/26/2017 - 10:55 am | View Website
  • Gates of Vienna
    After being taken down twice by Blogger within a single week, we got the message: It’s Time To Go. Gates of Vienna has moved to a new address:
    03/26/2017 - 2:12 am | View Website
  • American Government
    Notes Abstract: From Florida Atlantic university Department of Political Science comes an exciting new book that explores the role of government, politics, and policy ...
    03/25/2017 - 8:07 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