An agreement between Athens and the 19 eurozone finance ministers was
confirmed on Friday evening in Brussels, the third round of such talks
in a week.
Few details were released immediately following the announcement. According to the Associated Press news agency, the eurozone agreed to extend Greece's loan by four months in exchange for Athen's agreeing to avoid unilateral actions that might affect the budget.
Greece has until Monday to present a list of reform measures it plans to implement.
Earlier a source from the Greek government had referred to "an initial agreement on a joint draft text" between the partners, with the details still to be worked out.
Athens still awaits a formal decision made over the 240-billion-euro ($273-billion) bailout program, due to run out on February 28.
Greece is asking for a six-month loan extension from its European creditors, in an effort to avoid a potentially disastrous exit from the euro.
The country needs almost 12 billion euros ($14 billion) to help finance bond repayments by August.
Read more: Greece and eurozone agree on draft accord | News | DW.DE | 20.02.2015
Few details were released immediately following the announcement. According to the Associated Press news agency, the eurozone agreed to extend Greece's loan by four months in exchange for Athen's agreeing to avoid unilateral actions that might affect the budget.
Greece has until Monday to present a list of reform measures it plans to implement.
Earlier a source from the Greek government had referred to "an initial agreement on a joint draft text" between the partners, with the details still to be worked out.
Athens still awaits a formal decision made over the 240-billion-euro ($273-billion) bailout program, due to run out on February 28.
Greece is asking for a six-month loan extension from its European creditors, in an effort to avoid a potentially disastrous exit from the euro.
The country needs almost 12 billion euros ($14 billion) to help finance bond repayments by August.
Read more: Greece and eurozone agree on draft accord | News | DW.DE | 20.02.2015
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