Euro Chiefs Set to Grant Greece Extension Amid Squabbles

Euro-area finance chiefs may grant Greece more time to meet its bailout targets even as they split on whether the country needs another debt writedown and Greek politicians squabble over further austerity measures.

With Greece facing a sixth year of recession, fellow euro-region governments are preparing to allow Prime Minister Antonis Samaras’s government “a somewhat flatter adjustment path” to achieve its deficit-reduction goal, said Thomas Wieser, head of the group that prepares meetings of euro-area finance ministers.