Greece hoping for more time to repay bailout loans
Struggling with a deep recession, weak revenues and growing market expectations that a debt restructuring is inevitable, the fiscally crippled country faces a gruelling inspection a year after its eurozone partners and the IMF saved it from bankruptcy with a €110 billion bailout loan.
Finance Minister George Papaconstantinou, who unveiled yesterday new plans to fight rampant tax evasion (a priority for its international lenders), became the first Greek official to float the idea of a further easing of conditions on the bailout.
