Eurozone summit reaches deal on Greek bailout
Greek Prime Minister Alexis Tsipras, left, shakes hands with Donald Tusk, president of the European Council, before delivering his speech at the European Parliament in Strasbourg, eastern France, Wednesday, July 8, 2015. Tsipras says his country wants a deal that will mean a definitive end to Greece’s protracted financial crisis, and that last Sunday’s referendum result does not mean a break with Europe. AP
BRUSSELS — European Union’s summit chair Donald Tusk said on Monday that eurozone leaders have unanimously agreed on a bailout deal for Greece.
In a tweet, Tusk said the European bailout program for Greece includes “serious reforms” and “financial support.”
The European Union’s top economy official earlier said he was hopeful for a deal to keep Greece in the euro — and that the German and French leaders will be at the center of it.
Pierre Moscovici played down ideological differences among Greece’s European creditors on Monday, telling France’s RTL radio that the marathon overnight negotiations show there is a “shared willingness to ensure that Greece remains in the euro.”
Earlier also in the negotiations there had been indications of splits among the European countries, with German Chancellor Angela Merkel demanding tough conditions before releasing aid while French President Francois Hollande prioritized unity among the nations that use the euro.
Moscovici said Merkel and Hollande have “solid and direct” relations despite ideological differences and that “there is no solution for Europe” without agreement between the eurozone’s two leading powers.
