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Sunday, July 8, 2012

Greek finance minister asks for more time to meet loan terms

Greek Finance Minister Yiannis Stournaras warned on Saturday his country needed more time to meet commitments made to EU-IMF lenders so to avoid making the current recession worse.

"The extension of the budgetary adjustment is necessary because of the recession," Stournaras told lawmakers during a three-day parliamentary session that ends Sunday with a confidence vote for the coalition led by conservative Prime Minister Antonis Samaras.


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