Euro area finance ministers welcomed the preliminary agreement reached between Greece and the EU on a new set of policy reforms to support the country's economic recovery. The agreement is an important step towards finalisation of the second review of Greece's macroeconomic adjustment programme. Reform measures legislated by Greece cover areas such as pensions, income tax, the labour market and the energy sector. Finance ministers also exchanged views on the economic situation and recent inflation developments in the euro area, following the Commission's presentation of its spring 2017 economic forecast on 11 May. Finally, the Eurogroup was briefly informed about the main findings of the 7th post-programme surveillance mission to Spain, carried out by the staff of the European Commission and the European Central Bank on 24-26 April. The mission confirmed that there was no risk of non-repayment of the loans that Spain received to recapitalise its banking sector in 2012-2014, supported by the European Stability Mechanism.