By — Larisa Epatko Larisa Epatko Leave your feedback Share Copy URL https://www.pbs.org/newshour/world/eurozone-extends-greeces-bailout-four-months Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Eurozone extends Greece’s bailout by four months World Feb 24, 2015 12:15 PM EDT Eurozone finance ministers on Tuesday accepted reform proposals offered by Greece to extend its bailout program by four more months. Greece’s proposed reforms include efforts to combat tax evasion and tackle corruption. “We call on the Greek authorities to further develop and broaden the list of reform measures, based on the current arrangement, in close coordination with the institutions in order to allow for a speedy and successful conclusion of the review,” read a statement from the Eurogroup of finance ministers representing the 19 countries that use the euro. Greece’s current debt is more than 320 billion euros or about $360 billion. The 240 billion euro ($273 billion) bailout will now run until the end of June instead of expiring at the end of February. Follow @NewsHourWorld We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Larisa Epatko Larisa Epatko Larisa Epatko produced multimedia web features and broadcast reports with a focus on foreign affairs for the PBS NewsHour. She has reported in places such as Jordan, Pakistan, Iraq, Haiti, Sudan, Western Sahara, Guantanamo Bay, China, Vietnam, South Korea, Turkey, Germany and Ireland. @NewsHourWorld
Eurozone finance ministers on Tuesday accepted reform proposals offered by Greece to extend its bailout program by four more months. Greece’s proposed reforms include efforts to combat tax evasion and tackle corruption. “We call on the Greek authorities to further develop and broaden the list of reform measures, based on the current arrangement, in close coordination with the institutions in order to allow for a speedy and successful conclusion of the review,” read a statement from the Eurogroup of finance ministers representing the 19 countries that use the euro. Greece’s current debt is more than 320 billion euros or about $360 billion. The 240 billion euro ($273 billion) bailout will now run until the end of June instead of expiring at the end of February. Follow @NewsHourWorld We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now