A round-up of how the EU deal is being reported around the world
BBC News Online - "The cut in the interest rate Ireland pays on its bailout loans, and the extension of the loan terms, is a major victory victory for Taoiseach Enda Kenny and a considerable help to the Irish economy."
The Independent - "Europe's leaders have bought some time, but not much. Their failure to agree on a radical plan of action to restore confidence and address the root drivers of bond market panic means that this crisis is not over."
Daily Telegraph - "A second Greek bailout is pointless...the agreement points to what many suspect — that the ultimate solution to draw a line under the crisis may have to come in the form of ever greater economic financial integration across the euro nations, with stronger members supporting the weaker."
The Economist - "The EU appears to have given Greece, Ireland and Portugal – and any other country that may need to be bailed out – an indefinite commitment of financial support."
Time - "Momentous though the deal may be, it is still essentially buying the Eurozone time to consolidate its financial system and isolate Greece from other vulnerable members."
Wall Street Journal - "If the first Greek bailout 15 months ago was supposed to be the financial equivalent of "shock and awe," then yesterday's euro-zone summit in Brussels looks like a case of "confuse and obscure."
El Pais - "The EU agreement on Greece reinforces confidence in the Spanish debt"
New York Times - "The markets may be calm because it is simply not clear yet what all the repercussions of the deal will be. Many questions are left unanswered, including whether the credit ratings agencies will consider the deal a default or an action that should affect ratings across the Continent."
Ethnos (Greece) "This is an important step in the right direction but implementation of the plan will be difficult and hard because it requires important guarantees of Greece."
Ta Nea (Greece) "Despite the long delay, Europe has provided a solution spreading the brave risk of default of Greece while protecting the euro."
Die Welt - "The glass is half empty. The aim of the summit was to alleviate the fears of a widening of the crisis on more and more countries. Whether this is achieved is debatable."
Der Spiegel - "What is certain is that the decsions have intially achieved the desired effect. The situation on the financial markets calmed down (and) the euro exchange rate rose sharply."
La Repubblica - "In the end, even if very late, perhaps all of Europe will have gained something."
Le Figaro - "The solution reached brings a breath of fresh air for the other economies threatened by the markets"