EU may ask investors to give Greece more time

BRUSSELS: Greece's private creditors may be asked to give the struggling country more time to repay its debts, the European Union's top economic official said Tuesday, marking an important shift in the region's attitudes towards solving the crisis.

Until this week, European officials had denied that extending debt repayments had even been discussed, for fear of undermining market confidence. But many investors are convinced a change in Greece's debt deals is inevitable at some point.