Greek debt crisis: Here's the deal

Overnight, Greece reached a deal with its eurozone creditors. The tl;dr is that Greece gave way on virtually everything, in exchange for receiving a volume of financial assistance that should allow its banks to reopen and the country to continue using the euro as its currency. But the full austerity-and-reform agenda that Greek Prime Minister Alexis Tsipras successfully campaigned against twice is going to happen anyway — the price Greece pays for being unwilling to walk away from the eurozone.

Eurosummit Statement on Greece

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