A decision passed down from the international time-keepers at the Paris Observatory will see an additional second added to the world's clocks as of midnight.

Coincidentally falling on the same day as Greece being expected to pay it's IMF debts, the decision will see the minute leading to the stroke of midnight last 61 seconds instead of the usual 60.

Granted, the Greeks are unlikely to take exceptional comfort from such an 'extension' but they undoubtedly need all the help they can get presently.

As of midnight, Athens is required to either cough up the €1.6 billion it owes or reach some kind of agreement with creditors over a package that has already been five months in discussion.

The International Earth Rotation and Reference Systems Service is charged with ensuring that the time measured on earth keeps pace with atomic time.

Earlier this year it was ruled that a brief pause in earth time was needed to keep the two clocks ticking in an identical manner. The pause being needed to account for a gradual slowing down of the earth's rotation.

Reflecting on the fortunes of Greece, Sebastien Bize, joint director of the Observatory's Space Time Reference Systems (SYRTE) arm commented, "Yes, but one second isn't much time,....and unfortunately, we can't add more than one second."