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| Version 2 | Version 3 |
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| Greece crisis: Eurogroup agrees to third bailout | Greece crisis: Eurogroup agrees to third bailout |
| (35 minutes later) | |
| Eurozone finance ministers have agreed on a new bailout deal for Greece after Athens backed the plan. | Eurozone finance ministers have agreed on a new bailout deal for Greece after Athens backed the plan. |
| European Commission President Jean-Claude Juncker said the deal sent a message "loud and clear" - Greece will stay in the eurozone. | European Commission President Jean-Claude Juncker said the deal sent a message "loud and clear" - Greece will stay in the eurozone. |
| The agreement demands tax rises and more tough spending cuts in return for Greece's third bailout in five years. | The agreement demands tax rises and more tough spending cuts in return for Greece's third bailout in five years. |
| The deal means new loans of up to €86bn ($95bn; £61bn) will be made available over the next three years. | The deal means new loans of up to €86bn ($95bn; £61bn) will be made available over the next three years. |
| The first tranche will be of €26bn - €10bn to recapitalise Greek banks and €16bn in several instalments, the first of which - €13bn - will be made by 20 August, when Greece must repay about €3.2bn to the European Central Bank (ECB). | |
| The deal comes at a heavy political price for Greek Prime Minister Alexis Tsipras, who has faced a rebellion in his left-wing Syriza party. | |
| More than 40 Syriza MPs voted against him when parliament decided on the bailout agreement on Friday, after all-night talks. Reports in Greece suggest he will seek a vote of confidence in parliament next week, bringing the prospect of snap elections closer. | |
| Debt relief issue | Debt relief issue |
| Announcing the "comprehensive and ambitious reform package", Eurogroup chairman Jeroen Dijsselbloem said: "All the intense work of the past week has paid off. | Announcing the "comprehensive and ambitious reform package", Eurogroup chairman Jeroen Dijsselbloem said: "All the intense work of the past week has paid off. |
| "If implemented with determination, the deal will allow the Greek economy to return to growth." | "If implemented with determination, the deal will allow the Greek economy to return to growth." |
| He added: "Of course there were differences, but we have managed to solve the last issues." | He added: "Of course there were differences, but we have managed to solve the last issues." |
| Mr Juncker said: "The past six months have been difficult. They have tested the patience of policy-makers and they have tested the patience of our citizens even more. | Mr Juncker said: "The past six months have been difficult. They have tested the patience of policy-makers and they have tested the patience of our citizens even more. |
| "Together, we have looked into the abyss. But today, I am glad to say that all sides have respected their commitments." | "Together, we have looked into the abyss. But today, I am glad to say that all sides have respected their commitments." |
| He added: "The message of today's Eurogroup is loud and clear: on this basis, Greece is and will irreversibly remain a member of the euro area." | He added: "The message of today's Eurogroup is loud and clear: on this basis, Greece is and will irreversibly remain a member of the euro area." |
| The deal rules out any "bail-in" of depositors' savings in Greek banks. | The deal rules out any "bail-in" of depositors' savings in Greek banks. |
| Greek Finance Minister Euclid Tsakalotos said the deal "takes Greece forward in the sense that the financial system should be much more stable from now onwards. There is a promise of recapitalisation of the banks, without any of the depositors having to bail in or anything to worry about." | Greek Finance Minister Euclid Tsakalotos said the deal "takes Greece forward in the sense that the financial system should be much more stable from now onwards. There is a promise of recapitalisation of the banks, without any of the depositors having to bail in or anything to worry about." |
| There will have to be a series of votes in national parliaments across Europe to back the deal. | There will have to be a series of votes in national parliaments across Europe to back the deal. |
| The BBC's Adam Fleming in Brussels says the finance ministers also confirmed that the thorny issue of writing off some of the Greece's debts would be considered in the autumn. | The BBC's Adam Fleming in Brussels says the finance ministers also confirmed that the thorny issue of writing off some of the Greece's debts would be considered in the autumn. |
| This has been a crucial demand of both Mr Tspiras and the International Monetary Fund. | This has been a crucial demand of both Mr Tspiras and the International Monetary Fund. |
| IMF managing director Christine Lagarde said the deal was "an important step forward" but stressed again that Greek debt was "unsustainable" and that relief would be needed. | IMF managing director Christine Lagarde said the deal was "an important step forward" but stressed again that Greek debt was "unsustainable" and that relief would be needed. |
| This could still prove to be a stumbling block to IMF participation, and Finnish Finance Minister Alexander Stubb said: "Some kind of solution will have to be found." | This could still prove to be a stumbling block to IMF participation, and Finnish Finance Minister Alexander Stubb said: "Some kind of solution will have to be found." |
| Arriving at the 19-member Eurogroup meeting in Brussels earlier, even German Finance Minister Wolfgang Schaeuble - one of Mr Tsipras's harshest critics - said he was optimistic about a deal. | Arriving at the 19-member Eurogroup meeting in Brussels earlier, even German Finance Minister Wolfgang Schaeuble - one of Mr Tsipras's harshest critics - said he was optimistic about a deal. |
| Rebellion | Rebellion |
| Greek MPs backed the deal on Friday morning after a marathon all-night session marked by procedural delays and often angry exchanges in parliament. | Greek MPs backed the deal on Friday morning after a marathon all-night session marked by procedural delays and often angry exchanges in parliament. |
| The deal received: | The deal received: |
| Third Greece bailout: What are eurozone conditions? | Third Greece bailout: What are eurozone conditions? |
| Thirty-one Syriza members voted "No", and 11 abstained - the biggest rebellion within Mr Tsipras's party so far. | Thirty-one Syriza members voted "No", and 11 abstained - the biggest rebellion within Mr Tsipras's party so far. |
| The rebels represented almost a third of Syriza's MPs. | The rebels represented almost a third of Syriza's MPs. |