As European leaders slowly return from their summer break, Greece is at the center of the European stage yet again. Athens is expected this week to ask for two extra years to meet its deficit targets. The idea however hasn't gone down well amongst international creditors, who are due to release a 30 bn euro loan as early as next month in order to save Greece from defaulting.
The European Commission said on Monday that no decision will be made until late September when Europe's assessment on Greece's reforms will be published.
'The situation as regards to Greece is that the Troika will return in early September to Athens to make a final assessment of the implementation o the second adjustment program me and on the basis of that assessment it would be on the euro group to draw conclusions. Beyond that, i'm not able to say anything further at this stage', said European Commission's spokesperson Simon O'Connor.
While French President Francois Hollande wants to give some leeway to Athens, German ...Distributed by OneLoad.com
