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Compromise reached: Greece not to leave eurozone

The European Union countries summit supported the granting of new loans to Greece. Now the country awaits "serious reforms".
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The EU leaders have unanimously agreed on a new loan program for Greece. It was announced by the President of the European Council Donald Tusk on Monday, July 13. He also noted that Greece was awaiting “substantial reforms”. After 17-hour talks the leaders made a decision regarding the third aid package for Greece, DW writes referring to the dpa information agency.

Following the statement by Tusk, the European shares rose in early trading Monday morning, the Reuters news agency writes.

After the announcement of a new agreement with Greece, the President of the European Commission Jean-Claude Juncker said: “There will be no Grexit,” AP quotes Juncker.