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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Greece Bows to Pressure on Bailout Terms

Greece Bows to Pressure on Bailout Terms CNBC.com Greece's new government has dropped a plan to seek softer terms for its second bailout following warnings that it would be rejected by international lenders, the Financial Times reports.

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Greece's Creditors to Take Tough Line

Greece's international creditors look set to take a tough line with Athens as they begin meetings Thursday aimed at assessing the country's progress—or lack thereof—in implementing terms of its latest multibillion-euro bailout.

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IMF team to head to Greece as soon as government is formed

IMF team to head to Greece as soon as government is formed FOX 4 News myFOXdfw.com is the official Web site for Dallas news, breaking news, weather forecasts and sports in the Dallas-Fort Worth Metroplex area. More from ... and more »

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