European leaders reach Greek bailout agreement

European Summit Chair Donald Tusk announced Monday morning Eurozone leaders meeting in Brussels had agreed upon a Greek bailout deal and that there would be no ‘Grexit’ for the financially troubled country, according to Time.

The $96 million bailout comes after the Greek government agreed to enact deep economic reforms under close supervision by its creditors.

The bailout represents the country's third since 2010.

Read more from Time.