A deal has been reached on a potential third bailout for Greece - after marathon talks in Brussels.
Eurozone leaders continued their talks overnight in a bid to stop Greece from being forced to leave the single currency.
Greek prime minister Alexis Tsipras now faces a major challenge getting his own parliament to support the plans.
He faces the prospect of having to convince MPs to back major reforms to VAT and pensions within the next 48 hours, in order to win the support of other EU countries to begin full bailout talks.
It's not clear what now happens to the country's banking sector, as the banks remain closed today and the ECB has chosen to maintain its cash lifeline at previous levels, rather than increasing it.
Our political correspondent Gavan Reilly filed this report for Today FM's National Lunchtime News:
