‘‘Since you are excluded from markets, the extension means more financing, so somebody has to pay, so you cannot ask for unlimited time period,’’ said Greek Finance Minister Yannis Stournaras. ‘‘I mean, it would be obviously better to be four-year extension, or a six-year extension even better, but it’s not realistic.’’
Even if next week’s eurogroup meeting makes a decision on giving Greece the €31.5 billion loan, it will likely still need to be approved by some eurozone parliaments.
Associated Press writers Raf Casert in Brussels and Juergen Baetz and Geir Moulson in Berlin contributed. Melvin can be reached at http://twitter.com/Don_Melvin . DiLorenzo can be reached at http://twitter.com/sdilorenzo