Eurozone Leaders Reach Unanimous Agreement on Greece

WSJ.com - Eurozone Leaders Reach Unanimous Agreement on Greece

Eurozone leaders said early Monday that they would give Greece another bailout as long as the government of Prime Minister Alexis Tsipras manages to implement a round of punishing austerity measures in the coming days.

The tentative rescue deal--hammered out after 22 hours of at-times acrimonious negotiations between the currency union's leaders and finance ministers--is likely to require a near-total surrender of the left-wing government to creditors' demands.

European markets were up in early trade, with the Stoxx Europe 600 gaining 1.2%. The euro rose to $1.1197 against the dollar, before paring gains.