Euro area finance chiefs will gather today in Brussels to approve Greece's 130 billion euro second bailout after it fulfilled all the requirements, including a deal with private sector bondholders reached last week, which makes the debt-mired nation eligible for receiving the aid package.

Three days ago, finance ministers provided a tranche of 35.5 billion euros in payments and interests to Greece's creditors, while set to consent the rest today, to help Greece avoid default when 14.5 billion euros of debt matures on March 20.

Also, the meeting is predicted to tackle steps undertaken by the Spanish government to cut budget shortfall and the progress in the Portuguese aid program.