Greece debt agreement: the eurozone summit statement – in full

The agreement reached in Brussels covers everything from VAT reforms and a civil service shake-up to who owns pharmacies and how milk and bread is sold

The Euro Summit stresses the crucial need to rebuild trust with the Greek authorities as a pre-requisite for a possible future agreement on a new ESM programme. In this context, the ownership by the Greek authorities is key, and successful implementation should follow policy commitments.

A euro area Member State requesting financial assistance from the ESM is expected to address, wherever possible, a similar request to the IMF1. This is a precondition for the Eurogroup to agree on a new ESM programme. Therefore Greece will request continued IMF support (monitoring and financing) from March 2016.

Related: Greece bailout agreement: the key points

Related: Greece and eurozone reach agreement in bailout talks