BERLIN (AP) — Greece’s international creditors are proposing granting the country two more years to meet its debt reduction targets, according to a draft document obtained by The Associated Press Monday.
But the draft memorandum of understanding lacked crucial specifics on how much additional assistance the country would need and how that shortfall should be addressed, just as the finance ministers from the 17 countries that use the euro gathered in Brussels to discuss Greece’s situation.
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A man stands outside a shuttered shop next a poster in central Athens that reads “Yes to Work. No to the Euro” on Monday, Nov. 12, 2012. Greece’s parliament late Sunday approved the 2013 austerity budget as part of major cuts demanded by international rescue lenders to continue paying loan installments to the near-bankrupt eurozone nation. (AP Photo/Petros Giannakouris)
