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.”
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