Europe Accepts Greek Economic Measures

Euro-region finance ministers approved Greece’s package of new economic measures and paved the way for an extension to the country’s bailout agreement.

The agreement came on a conference call on Tuesday, according to an official involved in the talks who asked not to be named in line with policy. It was confirmed by Slovak Finance Minister Peter Kazimir on Twitter.

Based on the provisional agreement between Greece and its official creditors on Feb. 20, the approval of the list was a condition for extending the availability of bailout funds for another four months. The current program, which has been keeping Europe’s most indebted state afloat since 2010, was scheduled to expire at the end of this month.

Bloomberg

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