Arriving at a meeting of EU finance ministers' on Monday, Greek Finance Minister George Papaconstantinou said that the decisions taken at the Eurogroup summit on Friday were a "good decision" that would help resolve the European crisis.

He said that Monday's meeting between Eurogroup finance ministers would tease out the details of the agreement, which he said would further help Greece.

"We are dedicated to our programme of reforms and continuing fiscal stabilisation," he added.

According to Eurogroup chairman Jean-Claude Juncker, Eurogroup leaders had taken a "good decision" on Friday and now had to take similar steps for Ireland.

Juncker said Monday's meeting of finance ministers would seek to make progress on various aspects of the decisions made on Friday but without anything being made final.