Lagarde: Debt deal puts Greece on 'sustainable path'

Key figures have reacted to last night's deal to reduce Greece's debt.

Christine Lagarde
Christine Lagarde says the IMF has increased sustainability in Greece. Credit: Press Association

IMF Managing Director Christine Lagarde: "The IMF wanted to make sure the euro partners would take the necessary actions to bring Greece's debt on a sustainable path. I can say today that it has been achieved."

European Central Bank chief Mario Draghi: “I very much welcome the decisions taken by the ministers of finance. The decision will certainly reduce the uncertainty and strengthen confidence in Europe and in Greece.”

Jean-Claude Juncker, head of the eurogroup: “This is the promise of a better future for the Greek people and for the euro area as a whole, a break from the era of missed targets and loose implementation.”

Greek prime minister Antonis Samaras: "Everything went well... All Greeks fought together. A new day begins."

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Eurozone reaches Greek deal

Greece is on its way to getting the next tranche of its much-needed bailout loans after finance ministers from the Eurozone countries agreed on a programme to reduce the country's debt.