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Eurozone finds a little extra for Greece


Greece

Eurozone finds a little extra for Greece

More money for Greece. The finance ministers of the eurozone are said to be ready to approve a new loan of between EUR 16 billion and EUR 20 billion.

German newspaper Handelsblatt says that high-placed sources think the eurozone’s second EUR 130 billion bailout package for Athens is not enough.

This comes amid unconfirmed speculation that Greece will also be given more time to hit its budget deficit targets, till 2016 and not 2014.

Yesterday in parliament Greek finance minister Yannis Stournaras said his country had been granted an extension but IMF sources later said it had not.

A deal on a new package of austerity measures due to be put to parliament next week will be crucial for Greece’s efforts to unlock more aid under its latest bailout, with the country just three weeks away from running out of cash.

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