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Eurozone approves Greek reform proposal - FT.com

The eurozone's 19 finance ministers have approved the Greek government's six-page list of reforms, clearing one of the last hurdles to extending its €172bn bailout for another four months, according to an EU official.

The approval, which came in a teleconference between the ministers and representatives of the three institutions that monitor Greece's rescue programme, shifts the debate of the Greek programme to national capitals, where several eurozone parliaments must approve the extension before the week's end.

The most crucial approval will be that of the German Bundestag, where there remains strong scepticism about the new Greek government's ability to meet the programme's reform requirements.

Parliamentarians from Chancellor Angela Merkel's party - the Christian Democratic Union and its Bavarian sister party, the Christian Social Union - were to meet on Tuesday afternoon with Wolfgang Schäuble, the German finance minister, to discuss the Greek extension.

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Tue Feb 24th, 2015 at 10:40:18 AM EST

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