Eurozone finance ministers are in favour of granting Greece another two years to get its finances back in shape, the chairman of their Eurogroup panel said Monday, dpa reported.
The 17 ministers deemed the measure to be an "appropriate adjustment," Jean-Claude Juncker told journalists in Brussels. Athens will now have until 2022 to get its debt down to 120 per cent of gross domestic product, he said.
Athens will still have to wait for the next bankruptcy-inhibiting tranche of its bailout, with the ministers now set to hold another special meeting on November 20, Juncker said.
He urged Greek authorities to rapidly "implement remaining actions" required for the tranche to be disbursed.