‘Eurozone finance ministers agreed to consider extending financial assistance to Greece, which is formally known as the Master Financial Assistance Facility Agreement, for up to 4 months….’
via Eurogroup Summery Statement 20/02/2015
and read…
‘…The Greek authorities reiterate their unequivocal commitment to honour their financial obligations to all their creditors fully and timely.
The Greek authorities have also committed to ensure the appropriate primary fiscal surpluses or financing proceeds required to guarantee debt sustainability in line with the November 2012 Eurogroup statement. The institutions will, for the 2015 primary surplus target, take the economic circumstances in 2015 into account.
In light of these commitments, we welcome that in a number of areas the Greek policy priorities can contribute to a strengthening and better implementation of the current arrangement. The Greek authorities commit to refrain from any rollback of measures and unilateral changes to the policies and structural reforms that would negatively impact fiscal targets, economic recovery or financial stability, as assessed by the institutions….’
via Eurogroup statement on Greece – Consilium.