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Greekonomics: Budget target extension is 'good news'

13 November 2012 Last updated at 13:46 GMT

Author of 'Greekonomics' Vicky Pryce says the decision by Euro ministers to give Greece two more years to meet its deficit-reduction targets is "really good news,".

Speaking to the BBC she explained it will also mean that, "Greece will need to be financed for slightly longer".