Greece needs breathing room copy.pdf

Greece needs breathing room copy.pdf - Greece Says It Needs...

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Greece Says It Needs ‘Breathing Room’ to Pay Debts By MELISSA EDDY, NYTIMES Published: August 22, 2012 BERLIN — Greece needs “breathing room” to meet the requirements agreed to in exchange for its massive bailout package, Prime Minister Antonis Samaras said in comments published Wednesday ahead of meetings with key European Union leaders, but he insisted that Athens was not looking for more money. “Let me be very clear, we are not asking for any more money,” Mr. Samaras told Germany’s Bild newspaper. “We stand by our obligations to meet all requirements. But we must spur growth, because that will shrink the holes in our finances.” “All that we want is a little breathing room to get the economy going and increase revenue. More time does not automatically mean more money,” Mr. Samaras told Bild. Mr. Samaras and his finance minister, Yannis Stournaras, were to meet later Wednesday in Athens with Jean-Claude Juncker, the head of the Eurogroup of euro zone finance ministers, to discuss the crisis. On Friday, Mr. Samaras will meet with Chancellor Angela Merkel in Berlin, where he is expected to push for a two-year repayment extension for Athens to meet its commitments. From
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