Eurozone leaders agree on a bailout for Greece

16:26 | 14/07/2015 Cooperation

EU President Donald Tusk said that the leaders of 19 eurozone countries inked a deal for a 3rd bailout for Greece at an emergency summit in Brussels, Belgium on Monday.

Eurozone leaders agree on a bailout for Greece

French President Francois Hollande, Greek Prime Minister Alexis Tsipras, and German Chancellor Angela Merkel

Tusk said after 17 hours of negotiation, they had agreed to provide a 3rd bailout worth 86 billion euros over 5 years to keep Greece in the eurozone. He said relevant mechanisms were ready to implement the European Stability Mechanism for Greece including strict requirements for reform and financial support.

Tusk told the press that the agreement gives Greece an opportunity to avoid negative social and political consequences and requires Athens to meet its commitments and conditions./.

Source: VOVworld