Extending Greece Deadline To Cost Another 32 Billion Euros

Europe will run out of money and zeros

A draft document prepared for eurozone finance ministers suggests that Greece should be given two more years to meet budget goals, but that this will add 32.6bn euros ($41.4bn) to its bailout.

Eurozone finance ministers are meeting in Brussels to discuss new targets for Greece based on the report.

They will also discuss whether to release the latest tranche of funds but a decision is not expected on Monday.