Eurozone crisis: Greek austerity plans meet warm but cautious response

Finance ministers receptive to package laid out by Alexis Tsipras, who faces greater challenge in getting MPs in Greece to back his proposals

Eurozone finance ministers are poised to offer their tentative backing for Greek bailout proposals, after Athens caved in to creditor demands for further austerity measures in return for the promise of limited debt relief.

The provisional support for a deal is likely to come ahead of a formal meeting of all 19 eurozone finance ministers on Saturday, which will consider the package of measures, and an emergency summit of EU leaders on Sunday.

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