- "EuroSummit has unanimously reached agreement (on Greece)," tweets the media team of EU Council President Donald Tusk: "All ready to go for ESM programme for #Greece with serious reforms & financial support."
- However, details have yet to emerge. One wag - Nick Malkoutzis, Deputy editor of Greek daily Kathimerini English Edition - tweets: "What if he means they've agreed on what to have for breakfast?"
- More seriously, the WSJ's Charles Forelle warns: "Remember 1.) Privatization was an early Syriza red line. 2.) €50B was proposed in 2011 and proved laughable."
- The euro jumps with delight before coming back down to earth and is -0.1% at $1.1152, while in the stock markets, London is +1.4%, Paris +3.1% and Frankfurt +2.9%.
- ETFs: FXE, EUO, GREK, ERO, EU, DRR, EUFX, ULE, URR