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Eurozone summit reaches agreement on Greece — Belgium’s PM

July 13, 2015, 10:00 UTC+3
The compromise was reached at the meeting of German Chancellor Angela Merkel, French President Francois Hollande, Greek Prime Minister Alexis Tsipras and European Council President Donald Tusk
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© EPA/FOTIS PLEGAS G.

BRUSSELS, July 13. /TASS/. The summit of the eurozone has reached agreement on the third aid program for Greece, Belgian Prime Minister Charles Michel said on Monday.

The successful launch of the program will mean that Greece will stay in the eurozone.

"Agreement," Michel wrote in his Twitter microblog.

The compromise decision was achieved at the meeting of German Chancellor Angela Merkel, French President Francois Hollande, Greek Prime Minister Alexis Tsipras and European Council President Donald Tusk.

According to preliminary reports, the final decision on forming the third international package of macro-financial aid to Greece worth up to 90 billion euros for three years should be adopted by on July 15 by the Eurogroup, an informal body of the ministers of the euro area member states.

The condition is that the Greek parliament is to adopt by Wednesday all the legal acts on the reform programme, including raising the value-added tax, the pension reform, state property privatization, the new legislation on enterprises’ bankruptcy and guarantees for independence of the national statistics agency.

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