Greece gets 4-month bailout extension

FXStreet (Córdoba) - After a “tense” meeting, Greece and the Eurogroup agreed a 4-month extension of the country’s bailout program, Eurogroup Head Dijsselbloem said in a press conference in Brussels.

The Eurogroup released a statement with the main points of the agreement and said Greece authorities will present a first list of reforms measures on Monday, and then is up to the troika to approve if its sufficiently comprehensive to be a valid starting point.

Key points of the agreement:

Greek authorities have expressed their strong commitment to a broader and deeper structural reform process.

Greek authorities reiterate their unequivocal commitment to honour fin obligations to all creditors fully and timely.

Greek authorities commit to ensure appropriate primary fiscal surpluses