Euro finance chiefs left unanswered how they'll fill a fresh hole in Greece's balance sheet without tapping their own bailout-weary taxpayers for money after giving the country two extra years to trim its budget deficit.
In the latest compromise in three years of crisis fighting, creditors led by Germany opted late yesterday to keep money flowing to Greece instead of risking a default that could lead to the nation's exit from the euro and stir more turmoil for the countries that remain in the single-currency bloc.
Greece has made "far-reaching decisions that go in the right direction," German Finance Minister Wolfgang Schaeuble told reporters in Brussels today. He said Greece's aid program can be re-engineered to plug a financing gap of as much as 32.6 billion euros ($41 billion) without costing creditors a cent.
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