The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Greek Prime Minister Antonis Samaras, pictured with German Chancellor Angela Merkel
Greek Prime Minister Antonis Samaras, pictured with German Chancellor Angela Merkel
(THANASSIS STAVRAKIS/REUTERS)

SUBSCRIBERS ONLY

More time, more money, and the euro dream lives on

Once more out of the breach. The Greek financial hole will be patched up yet again, according to a German press report and a statement on Wednesday by the Greek Finance Minister. Although the German Finance Minister refused to confirm the agreement, it is all but certain that some time in the next few weeks lenders will give Athens €31-billion ($40-billion), and the government there will get a two-year extension, to 2016, to bring the fiscal deficit down to 3 per cent of GDP.