Reprieve as Athens Renegotiates Debt Terms with Troika (2/25)

spellmanBy James David Spellman

Eurozone finance ministers extended Greece’s bailout package for four months on Tuesday (February 24) after accepting “reforms” proposed by Athens that are less onerous than what Brussels had originally imposed but more pragmatic than those the ruling Syriza party had just campaigned on.

"The three institutions agreed to start the process with this," Eurogroup president Jeroen Dijsselbloem said, referring to the list of commitments Greece would make in obtaining the extension. "They thought it was a serious enough list and all the countries have just agreed with that in the meeting so we can start."