The European Commission did not want to hear about it, but Athens tries anyway. Greece intends to ask the European Union (EU) and the International Monetary Fund (IMF) for two more years to restore public finances. The 2014 deadline no longer seems feasible and Athens needs to postpone it until 2016. At this juncture however, given the impossibility of the Greek government to return to the financial markets, it will be necessary to issue a new international loan estimated at between 16 and 20 billion euros.
The project was fine-tuned from the new Coalition government elected last Sunday, led by the conservative leader Antonis Samaras and also bringing together the socialists and the moderate left, e will be presented to the Eurogroup today.
