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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 with eurozone ministers and the IMF in Brussels. | |
The Greek cabinet is due to meet to discuss it later on Saturday. | |
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. |
Mark Lowen, BBC News, Athens | |
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. | |
It has had to accept supervision by its creditors - no moves without EU agreement - and a loan programme with conditions. | |
To its voters, the government will stress that it now has a say in which reforms it is willing to make. | |
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 days | Saved from disaster - for two days |
Linda Yueh: A deal, for now | Linda Yueh: A deal, for now |
Personality clash at heart of negotiations | Personality 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 numbers | Greek economy in numbers |