Greece's lenders recommend giving state 2 more years: newspaper

Published November 12, 2012

| Reuters

Greece's international lenders recommend giving the crisis-stricken country two extra years to implement its reforms due to the dire state of the economy, a German newspaper said on Monday, citing a report by the "troika" inspectors.

The "troika" of the European Commission, the European Central Bank (ECB) and International Monetary Fund (IMF) said Greece would need to implement measures worth some 20.7 billion euros to reach its original financial goals for 2013 and 2014 if it was not granted an extension, Die Welt newspaper said.

(Reporting by Berlin bureau)

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