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Greece and its creditors in the 19-nation eurozone reached an agreement Friday on extending the country's rescue loans, a move that should ease concerns it was heading for the euro exit.
Athens will get an extension of four months, not six, as it had requested, said Jeroen Dijsselbloem, the eurozone's top official. In return, Greece has committed to make a series of unspecified reforms to be enacted over the coming months.
Friday's agreement was clinched just a week before Greece's 240 billion euro bailout program expires, leaving barely enough time for some member country parliaments to endorse the deal. Read more...
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