Summary

  • Eurozone leaders agree to a deal over Greece after night-long talks

  • Greek assets to be put in special fund to help finance banks

  • Greek banks will stay shut

  • Greek parliament will have to pass reforms by the end of Wednesday

  • Tsipras: Deal averts 'most extreme plans'

  • Merkel: Greek debt forgiveness 'out of the question'

  • Eurogroup finance ministers will discuss bridge financing for Greece

  • All times BST (GMT+1)

  1. Malta - there is a dealpublished at 07:56 British Summer Time 13 July 2015

    Maltese PM Joseph Muscat seems to be slightly behind other EU leaders, a few minutes after tweeting "final lap on", he has now announced a deal.

  2. Postpublished at 07:54

  3. 'Final lap'published at 07:51 British Summer Time 13 July 2015

    However, just as we thought a deal was done, Maltese PM Joseph Muscat has tweeted "final lap on", suggesting that not everything is tied up. 

  4. 'Seems we have a deal'published at 07:48

    A Cyprus government spokesman appears to confirm that a deal has been agreed. 

  5. Deal done?published at 07:46

    The Belgian Prime Minister has just tweeted '"Agreement". Is this a sign that a deal has been reached? 

  6. Talks reconvenepublished at 07:43

      Spokesperson of European Council President Donald Tusk, Preben Aamann tweets:

  7. Greek climbdown 'denigrated'published at 07:32

    Robert Peston
    Economics editor

    Quote Message

    Rather than using Mr Tsipras's personally painful climbdown - which involved forming an entente with hated opposition parties and splitting his own party - as a basis for consensual discussions on a sustainable bailout, Eurogroup finance ministers, led by Germany's Wolfgang Schaeuble, denigrated it as too little, too late. Instead, Mr Schaeuble tried to bundle Athens towards a door no one thought existed, since the euro is supposed to be forever - the one marked "temporary exit". This so terrified Mr Tsipras that he has since, in the Eurogroup meeting and an all-night meeting of eurozone government heads allowed himself into negotiations that, if successful, would rob Greece of all meaningful economic sovereignty.

    Read more from Robert Peston here.

  8. Eurozone project 'on a knife edge'published at 07:18

    BBC chief correspondent Gavin Hewitt tweets:

  9. Sleepless nightpublished at 07:07

    Yesterday morning, european council president and head of the summit Donald Tusk threatened that the talks wouldn't end "until we conclude talks".

    Well, he has been as good as his word with the talks now past the 20 hour mark.

    The BBC's producer in Brussels, Imelda Flattery, points out that this may not be conducive to totally rational thought.

  10. Nearly over?published at 06:56 British Summer Time 13 July 2015

    Reputable Greek newspaper Kathimerini tweets:

  11. Slovenia leavespublished at 06:49

    Slovenian PM Miro Cerar has left the talks early because the head of Nato is visiting his country. He says the Netherlands will be looking after Slovenian interests.

    He says there is "one open issue left" - from what we are hearing out of Brussels this remains the involvement of the IMF. It's thought that Alexis Tsipras is keen for the fund to be involved as little as possible. 

  12. Greek newspaperspublished at 06:21

    BBC producer Danielle Codd is in Athens and has been looking at today's newspapers.