France's Debt Receives Second Downgrade And European Finance Officials Face €15 Billion Gap In Financing For Greece

Meanwhile, European finance ministers are facing a €15 billion gap in financing for Greece as a result of the two-year extension granted the country to bring its debt levels into compliance with euro mandates.
The extension increased tensions with the International Monetary Fund since it effectively increased Greece’s debt load instead of reducing it.
Finance officials from Greece, Spain, France, and Italy met recently in Paris to try to bridge the differences.

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