Euro-area finance ministers reached a provisional deal intended to keep aid flowing to Greece in return for a commitment to continued economic reforms, buying time to work out the detail of longer-term Greek financing.
Talks in Brussels between officials from the 19 euro-area finance officials concluded Friday evening with an agreement to extend bailout funds to Greece for four months. In return, on Monday Prime Minister Alexis Tsipras's government must submit a list of reform measures it will undertake. Finance chiefs will then decide whether the Greek measures go far enough.
“It's an important first step,” Irish Finance Minister Michael Noonan told reporters after the meeting. “We'll see if it's enough on Monday night, Tuesday morning.”
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.