Greece said today that it has struck a deal with its international creditors to unblock some €12 billion in much-needed bailout loans.
"We have reached agreement on everything, including the 48 additional measures" that should allow the €12 billion to be paid out on Friday, Finance Minister Euclid Tsakalotos told reporters after marathon talks.
Greece in July accepted a three-year, €86 billion EU bailout that saved it from crashing out of the euro zone, but the deal came with strict conditions.
Athens has since adopted a number of the unpopular reforms but creditors have wanted it to do more.
The agreement covers streamlining home repossessions, which the government was reluctant to accept in order to ensure a safety net for more vulnerable households.
A Greek government source said the compromise reached will protect around 60% of indebted households from having their primary residence seized.
The Greek government had sought to protect more than 70% of families at risk of losing their homes, while creditors had initially been willing to exclude no more than 20% from seizure.
The protections against home seizures come with strict conditions, with a review of procedures planned for 2019, the source said.
The government is to submit the agreed measures to parliament later today for a vote on Thursday, the minister said.
Euro zone officials are also expected to approve the agreement later today, ahead of a Friday decision to unlock the funds.
The funds include €10 billion to recapitalise beleaguered Greek banks.
After storming to power at the beginning of the year on a programme to free Greece from the restrictions of bailout programmes, Prime Minister Alexis Tsipras reversed course and accepted a new financial lifeline.
He won fresh elections the deal triggered, calling the bailout agreement a "painful compromise" and a "tactical retreat" that enabled the country to avoid bankruptcy and stay in the euro.
