BRUSSELS: Eurozone leaders have reached a unanimous deal to offer the crisis hit Greece a third bailout and keep it in the euro after 17 hours of marathon talks.
EU officials said Greek Prime Minister Tsipras finally accepted a compromise on German-led demands for the sequestration of Greek state assets to be sold off to pay down debt. The terms of the agreement were not immediately known.
The Greek leader also dropped resistance to a full role for the International Monetary Fund in a proposed 86 billion euro ($95.78 billion) bailout, which German Chancellor Angela Merkel has declared essential to win parliamentary backing in Berlin.
Following national procedures, the #Eurogroup will work with the Institutions to swiftly take forward the negotiations. #Greece
— Donald Tusk (@eucopresident) July 13, 2015
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
