European officials said the preliminary program was comprehensive enough to allow the bailout to continue beyond February 28, when it was due to expire.
The deal should keep Greece afloat and safely in the euro while it works on a more detailed, longer term plan for economic recovery.
Without an extension of international support, Greece risked a run on its banks and would have had trouble paying its bills.
CNNMoney (London) February 24, 2015: 9:52 AM ET
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