Rehn: Τhe agreement achieved on a technical level

Describing it as the result of intensive work over many weeks in often "difficult" negotiations, Rehn said that experts would now draw up a detailed report to be submitted to the Eurogroup in Athens for approval in early April according to ANA-MPA

The troika mission had confirmed that the Greek economy is starting to stabilise and is expected to gradually recover and return to growth within 2014, the Commissioner said. The country's fiscal performance was "on the right track" for meeting targets, while key structural reforms had been agreed.

He said this will further boost the growth and flexibility of the Greek economy and contribute to a fairer and more attractive environment for investments, growth and creating jobs for Greek citizens. Rehn also stressed that efforts will accelerate to strengthen the safety net for the weaker sections of society, with more Community-funded programmes to support the hiring of the young and unemployed, as part of the deal struck on Tuesday in Athens.