According to the official report of the "Financial Times" of a Greek government, Greece intends to formally apply to the international relief agencies to tighten policy extended by two years to improve the sustainability of the country's debt and restore economic growth. Samaras, Greek Prime Minister, may be next week with German Chancellor Angela Merkel, French President Fran?ois Hollande, the talks, the official presentation of the proposal.
 
Greece since 2010 to accept the ECB, the European Commission, the IMF "troika" to provide relief, and forced to implement contractionary fiscal policy. But two years later, the Greek economy is still shrinking, the deficit remains high, further accumulation of debt, continue to strengthen the austerity policy has lead to family turmoil in the country, the Greek government is faced with the plight of the "dilemma". "Troika" refused to allocate relief funds prior to September, resulting in Greece in order to avoid breach of contract "drinking poison to quench thirst" - issued a three-month treasury bills owed ??by the European Central Bank loans to repay. Apply for an extension of the crunch period is undoubtedly Greece avoid falling into further decline and social unrest "wise".
 
Germany as early as a few months ago has clearly stated its opposition to Greece to extend the standard period of austerity policies, the "troika" also expressed dissatisfaction with the progress of Greek austerity policy. However, over time, especially the European debt crisis further aggravated the situation, Spain and Italy may also be reduced to a "rescuer", Germany and the "Troika" more clearly judged the domestic situation in Greece, do not want to Greece took to the road to ruin, and thus give rise to the situation of the Greek rescue failed.
The market is generally expected that the Greek raised again the possibility to extend the application of two years passed.



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