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Greece Asks for More Time

Prime Minister Samaras seeks to extend fiscal adjustment program by two years.

By Rainer Buergin, Bloomberg | Updated on August 22, 2012

Greek Prime Minister Antonis Samaras called for “more time” to carry out policy changes to address with Greece’s debt woes as he prepared to receive Luxembourg Prime Minister Jean-Claude Juncker in Athens.

“All we want is a little more air to breathe to get the economy going and increase government revenue,” Samaras was quoted as saying in an interview with Germany’s Bild newspaper published today before the arrival of Juncker, who heads the group of euro area finance ministers. “More time doesn’t necessarily mean more money.”

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