Euro-area finance ministers reached a provisional deal intendedto keep aid flowing to Greece in return for a commitment tocontinued economic reforms, buying time to work out the detail oflonger-term Greek financing.

Talks in Brussels between officials from the 19 euro-areafinance officials concluded Friday evening with an agreement toextend bailout funds to Greece for four months. In return, onMonday Prime Minister Alexis Tsipras's government must submit alist of reform measures it will undertake. Finance chiefs will thendecide whether the Greek measures go far enough.

“It's an important first step,” Irish Finance Minister MichaelNoonan told reporters after the meeting. “We'll see if it's enoughon Monday night, Tuesday morning.”

Continue Reading for Free

Register and gain access to:

  • 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 cas 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
NOT FOR REPRINT

© 2024 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.