You may have not wanted to go to work this Monday morning but spare a thought for the Eurozone leaders in Brussels, who just spent 15 hours overnight thrashing out terms for Greece to meet for Europe to consider a new bailout deal.

Belgian Prime Minister Charles Michel was so tired he broke the news that an agreement had been reached in one bungled tweet:

Which was officially followed up by European Council President Donald Tusk a few minutes later:

Surprisingly fresh-faced Greek prime minister Alexis Tsipras said on leaving the talks this morning that a Greek exit from the euro is now "an issue of the past":

The decision today keeps Greece in conditions of financial stability, it gives the possibility of recovery. At the same time though, we knew from before, that it would be an agreement whose implementation is difficult.

German chancellor Angela Merkel said she recommended the start of negotiations with Greece with "full conviction" but stressed that trust with the country "needs to be rebuilt". A cut in Greece's debt is not on the table but European creditors are prepared to consider some debt relief, including a longer grace period.

[The eurozone] is prepared, if it becomes necessary, to take additional measures.

Italian prime minister Matteo Renzi said that the talks had been on a knife edge.

A couple of times last night I would have laid bets on the agreement failing. But...we managed to stop just a few centimetres away from crashing.

French president Francois Hollande hailed the agreement as a good deal for Greece and its European partners.

Even if it was long, I think for Europe this was a good night, and a good day.

The talks are far from over: Tsipras has to put the proposals to the Greek parliament and about 25 of his own Syriza party members are expected to vote against his perceived U-turn on austerity.

Follow The Independent's live blog on the Greece talks here.

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