Finance ministers of the euro zone are meeting in Brussels to settle an agreement on providing a second massive bailout for debt-stricken Greece.

The ministers are expected to agree on the 130 billion euro bailout to Athens after reviewing a report submitted by inspectors of the European Union, European Central Bank and the International Monetary Fund. The ministers are also likely to approve a measure in which Greece’s private creditors will remit 100 billion euros of Greek debt.

With the second bailout, Greece is expected to avoid defaulting on a 14-and-a-half billion euro bond redemption on March 20th.

Amid expectations that Greece will be able to avoid default, stock prices in Europe surged on Monday.