The finance ministers of the Eurozone countries are most likely to approve a package aimed at helping Greece sort out its financial mess.

The finance ministers of all euro countries are scheduled to meet in Brussels to discuss the package and debt exchange. According to people familiar with the matter, a two step has been thought of to reduce Greece’s debt load and tighten control of the aid.

The ministers will approve the bond exchange and most likely defer their decision on the rest of the bailout funds. Greece has to replay 14.5 billion euros on March 20 when the loan matures, in order to avoid a sovereign default.

German Deputy Finance Minister Steffen Kampeter said, “We expect the Greeks to rise to their responsibilities. This coming Monday, we will see whether Greece delivers or whether we will be forced to decide on another course of action, one that is not desired.”

The indications that the Euro zone leaders will approve the second bail out package for Greece after seven months of deliberations have boosted sentiment in the markets. The Euro was at the level of $1.3136 after rising for the first time yesterday in five days.