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2nd LD Writethru: Eurogroup, Greece agree on bailout extension for four months

Xinhua, February 21, 2015 Adjust font size:

Eurozone finance ministers and Greece on Friday agreed on a final agreement over the bailout extension by four months, Eurogroup president Jeroen Dijsselbloem said during a press conference.

Eurozone finance ministers discussed the request by the Greek government for an extension of the financial assistance for six months which had been submitted on Thursday.

Dijsselbloem said a draft statement by eurozone finance ministers ultimately approved extending Greece's bailout by four months.

He added Greece should submit by Monday what reform measures it must adopt for approval to the Eurogroup.

Discussions were taking place in the context of the upcoming expiry of the current financial assistance to Greece on 28 February. Endit