November 19, 2010
Greece's government is losing hope of getting additional time to pay back a €110 billion ($150 billion) loan after its European partners pressured Athens for tough new measures to meet its deficit targets, two senior government officials said Friday.
"At least for now, there are no expectations of any concessions that will make this very difficult track a bit more manageable," one of the officials said.
Prime Minister George Papandreou said this week that the International Monetary Fund had advanced the idea of extending the repayment terms, but the official said other members of the European Union were opposed.
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