Eurozone leaders have completed an agreement with Greece after more than 15 hours of overnight talks.
The deal opens the way for new EU funds for Greece in return for significant economic reforms in the country.
Agreement— Charles Michel (@CharlesMichel) July 13, 2015
The agreement includes a controversial 50 billion euro privatisation fund aimed at raising funds to recapitalise banks, invest in the economy and pay down debt by selling off state assets.
The agreement will require ratification by the Greek parliament.
EuroSummit has unanimously reached agreement. All ready to go for ESM programme for #Greece with serious reforms & financial support— Donald Tusk (@eucopresident) July 13, 2015