The Eurogroup statement discusses Greece's implementation of reforms and fiscal targets as part of its bailout program. It welcomes Greece's progress but notes the debt outlook has worsened. It outlines initiatives by Eurozone members to support Greece, including lowering interest rates and extending loan maturities. However, benefits would be conditional on Greece continuing reforms and reducing its debt-to-GDP ratio according to targets. The Eurogroup concludes the necessary elements are in place to approve the next bailout disbursement subject to Greece meeting milestones.