Greece, reached agreement with the euro zone after night of negotiations – Reuters Italy

       

BRUSSELS (Reuters) – The euro zone leaders have reached an agreement with Greece to negotiate a third bailout and keep the country in the single currency, after a night spent treated in an emergency meeting.

       

If the summit had failed, Greece would have ended in an economic abyss, with the banks on the verge of collapse and the prospect of having to print a parallel currency, in view of an exit from the single currency.

       

“The agreement was laborious, but it has been concluded. There will be a Grexit” said EU Commission President Jean-Claude Juncker at a press conference after 17 hours of negotiations, disproving the idea that the Prime Minister greek Alexis Tsipras has been humbled in accepting the terms of the agreement, which was opposed for so long.

       

“In this compromise, there are no winners or losers,” said Juncker. “I do not think the Greeks have been humiliated, nor that the others have lost face. It ‘a typical European agreement”.

       

The same Tsipras, elected five months ago to end five years of austerity suffocating, he insisted that he had “fought” with his team “an uphill battle” in which it was necessary to make difficult decisions.

       

Tsipras has agreed to receive 86 billion Euros over three years, in addition to insurance that the ministers of the euro area start in the next few hours to discuss the terms of a bridge loan until the bailout, which must have the approval Parliamentary.

       

German Chancellor Angela Merkel said he had “full confidence” in the fact that the Bundestag authorizes the opening of a loan to Athens once the greek parliament has approved the entire program and launched the first laws.

       

For its part, the Italian Prime Minister Matteo Renzi said that “out of the crisis, and I refer not only to Greece but to Europe, there is need to come back to invest in growth and this we are doing little “.

       

According to the premier, who has spoken to the press this morning at the end of the summit, we must “also work together to make Europe a place where you can discuss real issues and not just spending late nights talking about the technical details of a agreement which could be concluded much earlier. ” More …