Eurozone creditors have agreed to extend Greece’s bailout by 4 months. The deal means that Greece would stay in the Eurozone for the time being. The tentative deal comes one week before the country would have flatly run out of money. It requires the new government to follow the terms of its original bail out.
The Greek government will begin working this morning on a list of economic and financial reforms as it is prepared to make secure an extension of its international bailout.