Eurozone leaders have agreed to offer Greece a third bailout, after marathon talks in Brussels, the BBC reports.
Amid one of the worst crises in the EU’s history, the head of the European Commission said the risk of Greece leaving the eurozone had been averted.
Greek Prime Minister Alexis Tsipras said that after a “tough battle”, Greece had secured a “growth package” and debt restructuring.
Greece will now have to pass reforms demanded by the eurozone by Wednesday.
An EU statement spoke of up to €86bn (£61bn) of financing for Greece over three years.