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Troika Report Recommends 2-Year Extension For Greece

From mninews.marketnews.com

A long-anticipated report on Greece by the European Commission and European Central Bank -- two-thirds of the so-called Troika -- recommends that Athens should be given an additional two years, from 2014 to 2016, to achieve its fiscal objectives. The draft report, obtained by MNI, says that the two-year extension will cost an additional E17.6 billion, though it does not provide details of how the money will be raised. Interestingly, the report does not provide any assessment of Greece's debt sustainability, which is a key component for further decisions on Greece, including whether and when to release the delayed ... (full story)

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