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There is clearly scope for compromise in terms of allowing Greece to run a much smaller primary surplus (the bigger the surplus, the bigger the fiscal contraction) and by further extending loans; the trickier points to resolve are on the extent of Greek economic reforms.
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Siluanov also said Moscow believes Ukraine should turn to the International Monetary Fund for help averting bankruptcy and reforming its corrupt and massively indebted budget, a signal that the Kremlin may be unwilling to further extend loans and subsidies to a nation now under the sway of pro-Western opposition figures.
But it would be possible to relieve the debt burden by further extending the maturities on the loans, although these have already been stretched to an average of 30 or so years.
The euro zone is also weighing measures — like extending loan maturities and paring interest rates — that would further ease the country's financial burden.
"It's a real boost to be able to further extend Michael's loan," said manager Smith.
Ford did ultimately extend loans.
Modern usage has further extended the term.
In a covered bond system, banks can borrow against the value of the underlying mortgages to obtain fresh capital to extend further loans.
Its usual lenders, the Industrial Bank of Japan and Fuji Bank, have problems of their own and can ill afford to extend further loans to the company -- although they can afford its demise even less.
If they are poor enough, households will be able to extend their loans for a further ten years, which will lower their monthly payments.
Last year the government decided to extend its further education loan scheme to 19-23s.
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