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Greece, Spiegel: the debt hole doubles, it is 20 billion

This is the result of the analyzes carried out in Athens by the technicians of the Troika (ECB, EU and IMF) - Prime Minister Samaras is asking for another debt cut and a two-year extension to put the accounts back on track - Brussels-Berlin clash on the next European summit of October.

Greece, Spiegel: the debt hole doubles, it is 20 billion

Il hole in the Greek public debt has doubled from forecasts, reaching 20 billion euros. The cut plan developed by the Greek government, on the other hand, is just 11,5 billion. This is the result of the analyzes carried out in Athens by the technicians of the Troika (ECB, EU and IMF), who left the country last Friday without, however, approving the entire package of measures proposed by the Athens Executive. This was revealed by the German periodical Der Spiegel. 

The Greek premier, Antonis Samaras, also allegedly asked his country's public creditors to waive part of their claims, again cutting a part of the Greek debt. Samaras would ask too two more years to restore order to Athens' finances, but the extension would lead to an increase in aid from the Eurozone equal to 20 billion. 

Spiegel then reveals that in the meantime a new controversy has arisen between the EU Commission and the German Government over the granting of aid to Greece: Brussels is asking for a decision to be reached during the European summit in mid-October, while Berlin believes that the figures needed to make further decisions will be available no earlier than mid-November.

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