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Greece news: 'Unanimous agreement' reached over debt crisis after marathon EU summit | Greece news: 'Unanimous agreement' reached over debt crisis after marathon EU summit |
(6 months later) | |
Eurozone leaders have reached a compromise deal that could secure Greece a third bailout. | Eurozone leaders have reached a compromise deal that could secure Greece a third bailout. |
After a marathon 15 hours of talks in Brussels, probably the longest EU summit on record, Charles Michel, the Belgium prime minister, tweeted the word "Agreement". | After a marathon 15 hours of talks in Brussels, probably the longest EU summit on record, Charles Michel, the Belgium prime minister, tweeted the word "Agreement". |
Donald Tusk, the president of the European Council confirmed the agreement soon afterwards. | Donald Tusk, the president of the European Council confirmed the agreement soon afterwards. |
Eurozone leaders had burnt the midnight oil over Greece with Alexis Tsipras, the Greek prime minister, holding out in the face of demands Greece give up a good deal of Greece's sovereignty. | Eurozone leaders had burnt the midnight oil over Greece with Alexis Tsipras, the Greek prime minister, holding out in the face of demands Greece give up a good deal of Greece's sovereignty. |
He was understood to be holding out over two central issues - the involvement of the International Monetary Fund (IMF) in a proposed three-year bailout, and a German proposal that Greece put €50 billion of state assets in a fund to be externally managed and serve as collateral for new loans. | He was understood to be holding out over two central issues - the involvement of the International Monetary Fund (IMF) in a proposed three-year bailout, and a German proposal that Greece put €50 billion of state assets in a fund to be externally managed and serve as collateral for new loans. |
That measure in particular is controversial. | That measure in particular is controversial. |
The Greek government believes it is designed to humiliate the ruling Syriza coalition after Mr Tsipras angered the country's creditors by calling a referendum on earlier bailout terms and encouraging Greeks to vote against them. | The Greek government believes it is designed to humiliate the ruling Syriza coalition after Mr Tsipras angered the country's creditors by calling a referendum on earlier bailout terms and encouraging Greeks to vote against them. |
Any new deal is likely to involve a series of commitments from Mr Tsipras to push through a reform plan in the next few days. | Any new deal is likely to involve a series of commitments from Mr Tsipras to push through a reform plan in the next few days. |
The Greek parliament would need to endorse the package today and pass legislation to implement it by Wednesday before talks on a bailout can get under way. | The Greek parliament would need to endorse the package today and pass legislation to implement it by Wednesday before talks on a bailout can get under way. |
To do it, Tsipras might have to reshuffle his cabinet to remove ministers who might vote against the measures, raising the issue of political discord in Athens. | To do it, Tsipras might have to reshuffle his cabinet to remove ministers who might vote against the measures, raising the issue of political discord in Athens. |
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