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Greeces' Finance Minister Evangelos Venizelos arrives for a cabinet meeting at the Greek Parliament in Athens on Saturday, Feb. 18 2012. (AP Photo/Kostas Tsironis)

Eurozone governments are due to sign off on Monday a long-awaited rescue package for Greece, saving it from a potentially calamitous bankruptcy next month, senior officials said.

But finance ministers meeting in Brussels still have a few last issues to wrangle over, such as tighter controls over Greece's spending and further cuts to the country's debt load.

Greece needs to secure the $170 billion bailout quickly so it can move ahead with a related $130 billion debt relief deal with private investors, which needs to be in place quickly if Athens is to avoid a disorderly default on a bond repayment on March 20.

"I am of the opinion that today we have to deliver, because we don't have any more time," Jean-Claude Juncker, the prime minister of Luxembourg who also chairs the meetings of eurozone finance ministers, said as he arrived in Brussels.

An uncontrolled bankruptcy would likely force Greece to leave the 17-country currency union and return to its old currency, the drachma, further shaking its already beaten economy and creating uncertainty across Europe.

While ministers heading into Monday's meeting cautioned that some details still have to be worked out, they were optimistic that a deal could be reached.

"We now have all of the elements to achieve an agreement," said French Finance Minister Francois Baroin. "Greece knows what it has to do, and we'll watch over it continually. We also know what we have to do."

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Associated Press writers Jamey Keaten in Paris, Juergen Baetz in Berlin and Elena Becatoros in Athens, Greece, contributed to this story.