A German newspaper on Wednesday is reporting that Greece's creditors will grant the heavily indebted country two more years to meet its budget targets. Despite high-level denials, momentum appears to be growing for such a delay, which would necessitate further aid to Athens.
When it comes to Greece's future in the euro zone, both sides in the dispute over additional austerity measures -- both Athens and Brussels -- have done their best to appear unbending. Brussels has insisted that the Greek government under Prime Minister Antonis Samaras pass additional billions in belt-tightening measures to qualify for further aid, while Samaras has said that his country needs more time to get its budget in order.