Bluefield Daily Telegraph, Bluefield, WV

National and World

November 26, 2012

Euro officials seek way to unlock Greek crisis

(Continued)

The troika partners disagree on whether Greece should be given an extra two years, to 2022, to bring its debt down to 120 percent of gross domestic product from the 176 percent forecast for this year. The IMF has resisted such an extension.

The ministers hope to reach a political agreement Monday. That agreement will have to be submitted to national parliaments in some countries. After that, the finance ministers plan to hold another meeting, either in person or by telephone, to give final approval to the disbursement.

German Finance Minister Wolfgang Schaeuble ruled out a public-sector debt write-off, and said other eurozone member countries had taken the same position.

But he said he was optimistic about the talks.

"We will find a solution, I am very confident of that," Schaeuble said.

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