Brussels, Jul 13 (Prensa Latina) Greek authorities and their creditors finally reached an agreement to discuss a third rescue plan of 86 billion euros, after arduous negotiations that seemed to have no end.
This deal allows to keep Greece inside the Eurozone after an emergency summit.

However, the conditions imposed by the international creditors led by Germany could exert pressure on the Greek Prime Minister, Alexis Tsipras and create disgust inside that nation. The Greek minister of reforms, George Katrougalos, sentenced the austerity Europe had won.

He added that either they accepted the Draconian measures or the Hellenic economy would suffer a sudden death because the banks continue closed, so he considered it is all about an agreemernt they are forced to comply with.

He said that if those lasty-minute negotiations failed, Greece would face an economic abyss.

On his part, the President of the European Commission, Jean Claude Juncker, said it was a very laborious agreement reached after 17 hours of negotiations.

It meant there was no way out of the Eurogroup for Greece and said it is a commitment with no winners or losers.

The Greek Prime Minister, Alexis Tsipras, got a conditioned agreement to receive 86 billion euros in three years, together with the guarantee that Finance Ministers of the Eurogroup'will debate a financing bridge for his country.

The agreement forces Greece to stand by a strict calendar in which there will be reforms on the Aggregate Value Tax (AVT), pensions and almost automatic cuts in the budget if the government does not comply with its fiscal goals.

It also includes new regulations of bankruptcy and an European banking law that could be used so the great account holders may assume losses.

Tsipras asserted his government had to fight a difficult battle for six months and fought to the end for an agreement that could allow his country to recover.

He added they face difficult dilemmas and had to make concessions to prevent the application of plans of some European ultraconservative circles.

While Tsipras defended the agreement saying it will safeguard the country�s financial stability. He also expressed hope that the Greek people understands the fight was difficult and the weight of the measures that will calm investors and counter the recessive measures.