Greece, eurozone creditors reach accord on loan

Saturday, 21 February 2015 - 16:34

Eurozone finance ministers agreed in principle yesterday, to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area.

The deal, to be ratified once Greece's creditors are satisfied with a list of reforms it will submit next week, ends weeks of uncertainty since the election of a leftist-led government in Athens which pledged to reverse austerity.