EU Should Reach Deal on Greek Aid Next Week

Greece was granted an additional two years to reach budget- deficit goals in its bailout program. European finance ministers will be discussing ways of plugging the funding gap resulting from that extension at a Nov. 20 meeting in Brussels.

“We know that there are several options for helping Greece get through this very important challenge,” Grilli said in an interview with Bloomberg Television in London. “I am clearly optimistic that we can come to a decision.”

Granting Greece more time was the latest compromise in three years of crisis fighting, as creditors led by Germany opted to keep money flowing instead of risking a default that could lead to the nation’s exit from the euro and stir more turmoil for countries left in it…..

More?  Check out http://www.bloomberg.com/news/2012-11-15/grilli-confident-eu-will-reach-agreement-on-greek-aid-next-week.html