Greek Deal Is the Beginning of a Long Process

13 July, 2015

European leaders announced agreement Monday on a plan to provide help to Greece. The announcement came after 17 hours of talks in Belgium over the weekend. Under the agreement, Greece would promise to enact difficult reforms in exchange for a huge amount of financial aid. But the deal is just the first step.

The agreement resulted from weeks of negotiations between Greece and the other 18 members of the Eurozone. All 19 countries belong to the European Union and use the euro as money.

Observers say the agreement is far from a done deal. Greek Prime Minister Alexis Tsipras must now get his country's parliament to approve new measures by Wednesday.