Greece’s new SYRIZA government submitted its list of proposed economic reforms to the Eurogroup (the finance ministers of eurozone nations) on February 23 as a precondition for its international creditors to approve a four-month loan extension. The deal was signed on February 20.
With Greece’s existing loan arrangement expiring on February 28 and bankruptcy looming, a last-minute deal was finally agreed after three weeks of intense negotiations. The talks had been characterised by daily — sometimes hourly — twists and turns, claims and counterclaims, leaks and threats.