Greece Gets More Time To Dig Out Of Deficit

Nov 13, 2012
Originally published on November 13, 2012 3:30 am
Copyright 2018 NPR. To see more, visit



NPR's business news starts with a small reprieve for Greece.

Eurozone finance ministers decided yesterday to give Greece more time to turn around its budget deficit. The financially challenged government will have an additional two years, until 2016, to run a primary budget surplus, which does not include debt servicing. What eurozone leaders did not agree upon is whether and when they would release more aid to Greece - money that's needed as its outstanding loans come due. That decision is now expected on November 20th. Transcript provided by NPR, Copyright NPR.