Greek government-debt crisis

Greece raced Feb. 22 to finalise reform proposals that would keep its loan lifeline open under an EU debt deal that saw its anti-austerity ambitions curtailed.
      
The new hard-left government in Athens has until Monday to convince its sceptical European creditors that it can piece together a credible set of alternative fiscal reforms.
      

European politicians may be poring over the details of the rescue program but a small business on the other side of the Atlantic sees their customers multiplying, since their service is actually called “Grexit”.

Based in Palo Alto, California, a tech company called Grexit has seen an important “rise” in traffic to their website.

Austrian FinMin Hans Jörg Schelling stated that the deal between Europe and Greece brings about good solutions and pushes away possibilities of a “Grexit”.

The German parliament could approve a four-month extension to euro zone funding for Greece, on condition Athens presents a list of reforms as promised, a senior ally of German Chancellor Angela Merkel was quoted as saying.

By Renee Maltezou

Greece's list of reforms to be submitted to the euro zone on Monday comprises pledges on structural issues such as tax evasion and corruption over the next four months without specific targets, a government official said on Saturday.

Greek PM Alexis Tsipras characterized last night’s Eurogroup agreement as a deal which bridges the gap between the memorandum and the plan of the Greek government.

In his statement, he underlined that the battle has been won, but the “war” is still to be fought. He reiterated that hardship, and not just of a diplomatic nature, are still ahead.

David Goodman

Greece?s government bonds posted their first weekly drop this month as the nation negotiated with its euro- area creditors on its future financing plans.

By George Georgiopoulos & Alistair Macdonald

Greece's left-wing government insisted on Saturday it had avoided being "strangled" by the eurozone, which agreed in principle to extend a financial rescue deal as nervous savers pulled huge sums from Greek banks.

Jonathan Stearns & Rebecca Christie

Euro-area finance ministers reached a provisional deal intended to keep aid flowing to Greece in return for a commitment to budget targets, buying time to work out the detail of longer-term Greek financing.

The agreement reached on Friday's Eurogroup has extended the hopes (and maybe the worries) of the country until the end of April. The next huge step for the government in order to avoid losing the tightrope it balances on is to get the "ok" by the Troika as well as from half a dozen national parliaments (including the Greek one), after tabling the new form with new proposed measures.