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Eurozone finance ministers endorsed on March 4 a plan to extend the repayment deadline for the country’s bailout loans, “smoothing the path back to regular market access”.
Finance ministers from the EU’s entire 27 member states will now debate the proposal on March 5.
The country has more than €30bn in loan repayments due before 2020 and, along with Portugal, requested in January that the troika of the European Commission, European Central Bank and International Monetary Fund approve a postponement deal.
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