Brussels, July 13:
Eurozone leaders on Monday reached a “unanimous” agreement after marathon talks over a third bailout for Greece, European Union (EU) President Donald Tusk said.
He said that a bailout programme was “all ready to go” for Greece, “with serious reforms and financial support”, BBC reported.
“There will not be a ‘Grexit’ (Greek exit from the eurozone),” European Commission head Jean-Claude Juncker said, referring to the fear that Greece would have to leave the euro.
“There are no winners or losers, I don’t think the Greek people have been humiliated and I don’t think other European countries have lost face,” Juncker added.
Greek Prime Minister Alexis Tsipras agreed to tough reforms after 17 hours of gruelling negotiations by eurozone leaders in return for a three-year bailout programme worth up to 86 billion euros ($96 billion), Greece’s third rescue deal in five years.
Greece is expected to pass reforms demanded by the eurozone by Wednesday.
Parliaments in several eurozone states also have to approve any new bailout. (IANS)