Eurozone leaders on deal with Greece

"What started today is the negotiation in order Greece to gain access to a new financing programme. Our aim is Greece to become more competitive and to have growth because the debt will not be sustainable without growth.

Greece is a friend country and is in the heart of the European culture. Our duty is to allow Greece to remain in the eurozone" he said referring to the context of the agreement.

German Chancellor Angela Merkel said on Monday that the partners' intention is to discuss the extension of the debt repayment adding however, that the possibility of a debt haircut is 'out of the question", in a press conference after the end of the EU Summit on Greece.

Italian Prime Minister Matteo Renzi on Monday at the press conference after the conclusion of the EU Summit on Monday noted "I asked Luxembourg not to be the headquarters of the investments fund because I considered it a humiliation and I stated it with emphasis".

Renzi also said "after the referendum (in Greece) it was decided the deliberations to continue towards the reaching of an agreement which finally was achieved with everyone's contribution. The need to invest on growth in order to exit from the crisis remains. We must water Europe's plant or it will wither" stated the head of the Italian government.