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Greek debt deal: PM Alexis Tsipras warns of 'difficulties' Greek debt deal: PM Alexis Tsipras warns of 'difficulties'
(about 2 hours later)
Greek Prime Minister Alexis Tsipras has warned of "real difficulties" ahead, as his government faces a Monday deadline to submit a list of reforms to lenders.Greek Prime Minister Alexis Tsipras has warned of "real difficulties" ahead, as his government faces a Monday deadline to submit a list of reforms to lenders.
Under a deal agreed on Friday, the list must be approved by the international creditors in order for Greece to secure a four-month extension of its bailout.Under a deal agreed on Friday, the list must be approved by the international creditors in order for Greece to secure a four-month extension of its bailout.
"We won a battle, not the war," Mr Tspiras said on Saturday."We won a battle, not the war," Mr Tspiras said on Saturday.
The deal is widely regarded as a major climb down for the PM, who won power vowing to reverse budget cuts.The deal is widely regarded as a major climb down for the PM, who won power vowing to reverse budget cuts.
He hailed the agreement as a "decisive step" that "achieved much" towards ending austerity, but added: "We have a long and difficult road ahead."He hailed the agreement as a "decisive step" that "achieved much" towards ending austerity, but added: "We have a long and difficult road ahead."
The BBC's Mark Lowen in Athens says the government is engaged in a hard-sell to the Greek people over the deal. The BBC's Mark Lowen in Athens says the government is engaged in a hard-sell to the Greek people over the deal with eurozone ministers and the IMF in Brussels.
It was reached on Friday in talks between Greece, eurozone ministers and the IMF in Brussels. The Greek cabinet is due to meet to discuss it later on Saturday. The Greek cabinet is due to meet to discuss it later on Saturday.
No details have emerged about the list of reforms, which must be approved by creditors before eurozone members ratify the bailout extension on Tuesday. No details have emerged about the potential list of reforms, which must be approved before eurozone members ratify the bailout extension on Tuesday.
Analysts say a collapse of the deal would revive fears of an exit from the euro, a so-called "grexit" - something both the EU and Greece say they want to avoid.Analysts say a collapse of the deal would revive fears of an exit from the euro, a so-called "grexit" - something both the EU and Greece say they want to avoid.
Analysis: Robert Peston, BBC Economics Editor Mark Lowen, BBC News, Athens
Greece and Germany have stepped back from the brink. And for now Greece remains in the eurozone. After the late-night deal comes the hard sell to the Greek public. A government elected by promising to reverse austerity and end the bailout has had a major climb-down.
But there will be months of fraught negotiations before it will be clear whether the economy and finances of this recession-battered nation have been put back on a stable footing. It has had to accept supervision by its creditors - no moves without EU agreement - and a loan programme with conditions.
In fact, what was agreed on Friday night guarantees there will be no fresh crisis - no fears of Greece quitting the eurozone - for a full two days. To its voters, the government will stress that it now has a say in which reforms it is willing to make.
Because by Monday night, the Syriza government has to submit a preliminary list of proposed economic reforms - which will form the basis of negotiations till the end of April on a new financial settlement for the country. The hard-left of the party won't like it, but the centre ground will, and Greece has staved off euro-exit for now. That is the success that the government will trumpet. But it is limited.
Saved from disaster - for two daysSaved from disaster - for two days
Linda Yueh: A deal, for nowLinda Yueh: A deal, for now
Personality clash at heart of negotiationsPersonality clash at heart of negotiations
'Stifling' conditions'Stifling' conditions
German Finance Minister Wolfgang Schaeuble stressed on Friday that there would be no payment of new funds to Greece until the conditions of the deal had been met.German Finance Minister Wolfgang Schaeuble stressed on Friday that there would be no payment of new funds to Greece until the conditions of the deal had been met.
Greek Finance Minister Yanis Varoufakis said he would work night and day until Monday to devise the list of reforms.Greek Finance Minister Yanis Varoufakis said he would work night and day until Monday to devise the list of reforms.
"If the list of reforms is not agreed, this agreement is dead," he admitted."If the list of reforms is not agreed, this agreement is dead," he admitted.
Greece's liberal daily Kathimerini warned on Saturday of "stifling" conditions attached to the deal in Brussels while the centre-left Ta Nea said both sides had made "compromises".Greece's liberal daily Kathimerini warned on Saturday of "stifling" conditions attached to the deal in Brussels while the centre-left Ta Nea said both sides had made "compromises".
The Greek Communist Party (KKE) accused the coalition, which is led by its far-left rivals Syriza, of extending the bailout without getting the loan conditions changed.The Greek Communist Party (KKE) accused the coalition, which is led by its far-left rivals Syriza, of extending the bailout without getting the loan conditions changed.
"Ultimately the bill will be footed by the people, as it happened with all previous governments," KKE leader Dimitris Koutsoumbas said."Ultimately the bill will be footed by the people, as it happened with all previous governments," KKE leader Dimitris Koutsoumbas said.
The government is already in trouble with its voters for seeking the bailout extension at all - something it swore it would never do.The government is already in trouble with its voters for seeking the bailout extension at all - something it swore it would never do.
On the streets of Athens, reaction to the deal in Brussels was mixed.On the streets of Athens, reaction to the deal in Brussels was mixed.
"I think it was positive in the sense that at least for now we can relax a bit," one man, Nikos, told the BBC. "We will have to wait see what will happen next.""I think it was positive in the sense that at least for now we can relax a bit," one man, Nikos, told the BBC. "We will have to wait see what will happen next."
But another man, Costas, dismissed the deal as a "somersault that the whole world will remember".But another man, Costas, dismissed the deal as a "somersault that the whole world will remember".
Dutch Finance Minister Jeroen Dijsselbloem, head of the Eurogroup of eurozone finance ministers, said on Friday night that the deal was a "very important" step in the process of rebuilding trust between Greece and its creditors - the EU, the European Central Bank and the IMF.Dutch Finance Minister Jeroen Dijsselbloem, head of the Eurogroup of eurozone finance ministers, said on Friday night that the deal was a "very important" step in the process of rebuilding trust between Greece and its creditors - the EU, the European Central Bank and the IMF.
Greek economy in numbersGreek economy in numbers