Greece has secured agreement from the eurozone and IMF that its bailout package will be extended by four months.
But the deal will only be ratified once Greece’s creditors are satisfied with a list of reforms Athens must submit in the last week of February 2015.
“Nobody is asking us to impose upon our economy and society measures that we don’t agree with and this is the beauty of this agreement,” Greek Finance Minister Yanis Varoufakis told a news conference in Brussels.
“We now have a new framework but we respect the previous one. Now we are concentrating on co-authoring these reforms and these are the reforms we are going to be judged by.”
The two main combatants around the table in Brussels put a radically different gloss on the result.
Germany, Greece’s largest creditor, had demanded “significant improvements” in reform commitments before agreeing to the extension.
While German Finance Minister Wolfgang Schaeuble is now on board, he stressed that Athens would get no a