"We fought a tough battle for six months now and to the end we fought in order to strive for the best, an agreement that would give the country a chance to stand on its feet and for the Greek people to be able to continue to fight," Prime Minister Alexis Tsipras said to reporters yesterday, at the conclusion of an all-night grueling Euro Summit in Brussels ,where an agreement with creditors was reached.

"I want to give a promise: as hard as we fought to strive for the best possible in Europe, now we will fight equally hard to end with the establishment at home. Greece needs radical reform in the direction of social forces and at the expense of the oligarchy that led us to here. And this is a promise for the new effort that begins from tomorrow," he said.

Back home, the PM faces the challenging task of passing legislation immediately on tough new measures demanded by creditors, for which the support of opposition lawmakers may be needed, as dissent from members of the governing SYRIZA party as well as from junior coalition partner ANEL has already been voiced.

Tsipras secured a promise of debt relief and funding to boost growth, totaling up to €86 billion of financing for Greece over three years. The agreement includes austere measures such as pension cuts, a value added tax increase, and a clamp-down on collective bargaining agreements. In addition, €50 billion of public Greek assets must be set aside in a private fund to make ESM repayments and recapitalize banks under lenders’ supervision.