Eurozone finance chief Jean-Claude Juncker said the agreement includes:
- A plan to reduce Greece's debt level to 124% of its GDP by 2020 and below 110% by 2022. The IMF had originally insisted on a debt-to-GDP ratio of 120% by 2020.
- A cut of 100 basis points on the interest rate charged to Greece by other Eurozone member states, excluding those countries also receiving bailouts.
- A 15-year extension of the maturities of loans from other countries and the eurozone's bailout fund - the European Financial Stability Facility - and a deferral of interest payments by Greece on EFSF loans by 10 years.
More top news
A motorist who boasted about clocking 142mph on a motorway shot through a red light and killed another driver the following night.
Holli Cheung said her son Jordan saved her life after she suffered two cardiac arrests while being struck down by a rare virus.
Scientists have finally cracked the mystery and found that cleaner dairies are the reason the holes are disappearing.