Greece Requests Another Bailout Loan Extension, As Restructuring Chatter Continues

Greece's Finance Minister George Papaconstantinou has requested an extension of the pay period on his country's IMF-EU bailout loans in an effort to avoid restructuring of his country's debt. This would be the second time Greece had its bailout loan extended, as a similar action occurred in March. This move was rumored over the weekend. But there are no guarantees it would prevent the need for a...