Brussels, 05/12/2012 (Agence Europe) - On Tuesday 4 December, the ECOFIN Council officially confirmed that Greece has been given two more years to correct its budget deficit, as was agreed by its troika of lenders (the European Commission, the European Central Bank and the IMF) in the recent deal on sustainability of the Greek debt (see EUROPE 10739). Due to the deterioration in its economy, Greece will now have until 2016 (rather than 2014) to bring its public deficit back below the 3% of...