Euro zone puts Greek plan under microscope

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"I am confident that - as far as I know the details - Greece will get more help," Austrian Finance Minister Maria Fekter told reporters on Tuesday.

The devil, as always, is in the detail.

After an emergency meeting last Thursday, euro zone finance ministers said they would sign off on a new program if Greece could find a further 325 million euros of spending cuts, secure parliamentary approval for the overall package, and get the leaders of its major political parties to sign up.

Since then, parliament has voted in favour and talks are going on over finding extra budget cuts, with sources saying there may be room to move on the defense budget.

But not all party leaders have yet committed and some - in particular Antonis Samaras, leader of the conservative New Democracy party, which is ahead in polls - are reluctant to do so with elections expected in April.

One euro zone official with knowledge of the talks said he expected the Greek leaders' approval to be forthcoming.

"The vote in parliament took place and the 325 million euro of savings has apparently been agreed too. As for the letter - we are told this will be no problem at all," the official said.

STEP BY STEP

If euro zone ministers give their approval on Wednesday, it should pave the way for Greece to restructure around 200 billion euros of privately held debt, with the exact terms of a bond swap to be announced after the ministers' meeting.