European officials say they are considering giving Greece more time to pay back its 110 billion emergency loan package.
EU monetary affairs chief Olli Rehn said Sunday that finance ministers have agreed “to look into” extending the deadline for Greece to repay its loans to 7 1/2 years from 3 years.
That would bring Greece’s loan package in line with one agreed Sunday for Ireland.
Rehn says “the commission has been advocating this alignment.”
Greece was bailed out by fellow eurozone nations and the International Monetary Fund this spring after it was close to defaulting on its massive debt.