20 February 2015

Greece, Eurozone Reach Last Minute Accord on Loan Extension

Eurozone finance ministers reached an agreement in Brussels to extend Greece’s bailout package by another four months. Greece agreed to honor all the conditions and budget discipline of the bailout package. Without this extension, Athens would have run out of cash by March.
An official in the Syriza-led government told BBC that “Greece has turned the page” and won breathing space to negotiate a “new deal.”

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