Eurozone leaders said early Monday that they would give Greece another three-year bailout involving some €80 billion in rescue loans, provided the government of Prime Minister Alexis Tsipras manages to implement a round of punishing austerity measures in the coming days.

"EuroSummit has unanimously reached agreement" Donald Tusk, who presided over the talks with leaders, said in a tweet. "All ready to go for ESM [European Stability Mechanism] program for Greece with serious reforms & financial support."