BRUSSELS - EU President Donald Tusk said Monday that eurozone leaders had reached a unanimous deal to offer Greece a third bailout and keep it in the euro after a marathon 17 hours of talks.
"EuroSummit has unanimously reached agreement. All ready to go for ESM programme for Greece with serious reforms and financial support," Tusk said, referring to the EU's bailout fund that will oversee the third Greek bailout since 2010.
Eurozone leaders thrashed out the Greek bailout deal overnight Monday after giving Athens an ultimatum to accept harsh economic reforms or become the first country to be cast out of the single currency.
"The decision gives Greece a chance to avoid the social (and) political consequences of a negative outcome," Tusk said at a press conference at the end of the talks.
"There are strict conditions to be met," he said.
Some leaders warned however that the deal was just a blueprint, with anger still running high over Greece's attitude during six months of negotiations.
"Europe has decided on a roadmap. Now everything depends on implementation," said Estonian Prime Minister Taavi Roivas.