European governments hinted at giving Greece extra time to meetbudget-cut targets, as long as the financially stricken country'sfeuding politicians put together a ruling coalition committed toausterity.

Calling talk of a Greek pullout from the euro “nonsense” and“propaganda,” Luxembourg Prime Minister Jean-Claude Juncker saidonly a “fully functioning” Greek government would be entitled totinker with the conditions attached to 240 billion euros ($308billion) of rescue aid.

“The government would have to stand by the program,” Junckertold reporters after chairing a meeting of euro-area financeministers in Brussels late yesterday. “If there are dramaticchanges in circumstances, we wouldn't close ourselves off to adebate over extending the deadlines.”

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.