Eurozone finance ministers postponed agreement on Greece 's long-delayed €31.3bn aid payment . The move came after the Greek government failed to reach an accord with its creditors over a new bailout package that would have kept it in the eurozone. IMF : Greece must reduce its debt levels to 120 per cent of economic output by 2020 . Juncker told a post-meeting press conference the target would be moved to 2022 .
Eurozone finance ministers postponed agreement on Greece 's long-delayed €31.3bn aid payment . Shows divisions between IMF and EU creditors over how fast Athens must reduce its debt . IMF : Greece must reduce its debt levels to 120 per cent of economic output by 2020 . Juncker told a post-meeting press conference the target would be moved to 2022 .