Eurozone finance ministers have agreed to extend Greece’s bailout by four months, which means its €240bn (R3.1tr) package will no longer expire at the end of February. I n order to get the extension, the Greek government proposed a list of reform measures, including to combat tax evasion, corruption and i nef f i ci ency, improve tax collection and carefully manage budgets in order to fund social spending. It also promised to delay election pledges to increase minimum wages i mmediately, opti ng i nstead t o phase in collective bargaining with the aim of increasing wage levels over time. It also committed to public sector wage reforms and ensuring that the overall public wage bill doesn’t rise. The extension still requires permission from l awmakers in Greece, Austria, Estonia, Finland, Germany, Netherlands and Slovakia before 28 February.