European leaders strike Greek deal but hurdles remain
All-night session ends in Greek acquiescence to a tough reform package
Greece has struck a deal that sees it submit to most of its creditors' demands in exchange for the possibility of a third bailout programme from the European Stability Mechanism (ESM).
Exhausted leaders hailed the "agreekment", as European Council president Donald Tusk put it this morning (July 13), achieved after 17 hours of negotiations that ran through the night. "The decision gives Greece a chance to get back on track with the support of European partners," Tusk said.
Despite the apparent
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