Reuters reporting:

  • Euro zone ministers, IMF reach agreement on Greek debt relief, reforms - euro zone officials

Just that headline for the time being - I expect a presser soon with all the pie-in-the-sky- kick-the-can fairytale news soon

More now:

  • Euro zone deal with Greece covers all issues, including need to support Greece, including debt - French fin min Sapin
  • Deal struck with Greece -Sapin
  • Greek debt deal with euro zone agreed in precise manner in short-, medium- and long-term -Sapin
  • IMF is part of euro zone deal with Greece - Sapin

More:

  • Dombrovskis - Euro area approves 10.3bn EUR payout to Greece (Valdis Dombrovskis of the EU)

And more:

  • Euro zone, IMF debt deal for Greece in short term envisages smoothening of EFSF loan repayments
  • Debt del for Greece in short term also envisages reducing interest rate risk

Eurogroup President Jeroen Dijsselbloem:

  • There is full agreement of lenders on package of Greek reforms
  • Says Euro zone bailout fund will provide 10.3bn EUR to Greece in several disbursements
  • Greek programme is fully back on track
  • Says Euro zone ministers, IMF agreed on debt measures for short-, medium- if needed and additional steps for the long-term
  • In the short-term the measures are to do with debt management
  • In medium term Greek debt measures are scheduled for mid-2018 upon implementation of all bailout reforms
  • Says Greece is to get back profits made by ECB on Greek bond purchases under the SMP programme
  • Some of Greek loans will be repaid early from unused ESM money for bank recap
  • Says EFSF loans to Greece to be reprofiled
  • Says additional debt measures can be provided in the long term to keep Greek gross financing needs below 15 pct of GDP
  • IMF is on board for Greek deal
  • IMF to recommend participation in Greek bailout by end of year
  • Says the scope of debt relief in 2018 will be decided on the basis of a revised debt analysis
  • Confidence between IMF and Euro zone and Greece has started to recoved

ps. Link to the presser

Meanwhile, EUR/USD doing near nothing

Added - the Eurogroup statment