BERLIN (Sputnik) — Earlier in the day, following marathon talks, Greece and the Eurozone leaders reached an agreement on a new bailout package to financially support Athens in exchange for pension reforms and modified taxation laws in the country.
"Confidence has been seriously undermined. In this regard, the eurozone states expect not only paper agreements but real steps [from Athens]," Steffen Seibert said.
He added that Greece should take the first steps by July 15, with other measures to be completed as soon as possible afterwards.
German Chancellor Angela Merkel said on Monday that before receiving the first tranches of some $95-billion under the new bailout deal, Greece must first perform "trust-building" measures, including holding a vote on a number of reforms.
Greece's overall debt currently stands at about $350 billion.
