But to deprive ourselves of greece, its not only depriving ourselves of a country with its gdp, its people but also deprive ourselves of a country which is at the very heart of our civilization. It does not only belong to our history, but also to our culture, our way of living. Greece is country, a friend of europe who which wished to enter into europe after years of dictatorship. So there might have been discussions as to its capability of making this transition possible this entry into the eurozone possible. But all the democratic parties stated that they wanted to stay within the eurozone. They might have made another choice but they wanted to remain within the eurozone. Duty was to enable them to stay within the eurozone but also solution was to be made possible. Nothing would have been worse to keep them in a monetary zone without allowing for their development. And this is why the negotiations were lengthy negotiations. But we reached a historical solution. Had greece left the eurozone it would have been said that the eurozone was not capable of committeeing its integrity or integrity. And we wouldnt have assumed the responsibility. What about france and germany . It would have been said that we were not capable of giving this impulse. We are to carry a product protecting people. The euro protects countries that are part and parcel of this monetary zone. So what about what would. Reporter said what would have been said about this dislocation as far as were concerned. I wanted to bring this discussion to a successful outcome and offer to greece what they were expecting. Stick to the european constrict, friendship between france and germany, in other words, succeed in opening a new era in the european construction because we shall have to strengthen this monetary space. We shall have to see to it that we are respected, protected, but also allow for more growth. This is the very task for us all in the coming days and months. It took a lot of time but it was a positive night for europe and a positive morning. I shall take some questions but not too many. Because weve got to go on. Welcome to Worldwide Exchange, youve been listening to french president francois hollande. Lets recap what he has said he has said that mr. Tsipras the president of greece has taken a Bold Decision in order to free you were 80 billion euros of funding, some funding which is for greece. Heres a reminder the headlines. After 17 hours of negotiations, we have finally reached. Someone can have a that we have a marathon weekend of talks. Policymakers agree the framework for an 80 billion bailout for greece implementing a number starting this week. Leaders say the issue has been put to bed while greece Prime Minister tsipras suggests that it has sent a democracy to the whole of europe. Banks leading the gains but the euro sheds over 0. 5 versus the u. S. Dollar. Another Historic Deal also in the making Oil Trades Lower over the expectations iran and world powers will agree to a nuclear deal in vienna as soon as today. And coming up on Worldwide Exchange easing the pain of austerity. Find out how tech giant apple is helping its greek customers get through these uncertain times. Plus Novak Djokovic secures his third wimbledon title. We look at just how much the worlds top athletes get paid. And the republican wrecking ball donald trump, is he damaging the deal he chances to retake the white house . Well discuss that later in the show. Our top story this morning, the deal is done. Eurozone leaders have unanimously reached agreement on greece after all night talks in brussels. Athens is set to 38 a 50 billion euro Privatization Fund. The president laid out some of the details. He needs to address the issue of financing needs and debt. And part of that agreement is that a fund will be set up which will assets will be transferred to this fund. The fund will monetize these assets either by privatizing or by running the assets and trying to make money from those. That money will be used to deal with debt and to reduce debt. Also it will be used for the repayment of recapitalization of banks. One of the big issues that well have to deal with once the program sa agreed is to the problems in the banks. The fund will contribute also to the repayment of those capitalization needs. Meanwhile, agreement Prime MinisterAlexis Tsipras says the deal keeps greece in europe. This as german chancellor Angela Merkelization that trust between the nations must be restored. We have created the conditions for being able to germany to be able to recommend to the german bundes to create solidarity for greece. Down one hand we have solidarity, on another hand the country which help has shown willingness and readiness to carry out reforms. Lets out to you, Steve Liesman who is live in berlin. Steve, great to see you on this side of the atlantic. Over the weekend, trust seemed to be the big concern to the germans what has greece done to establish their conviction and their promise to deliver on economic reform . Reporter nothing yet, seema. And thats why this is sort of a temporary deal or provisional deal in the sense that all of these things have to agree on wednesday. The way ive looked at this deal all weekend long is is this a check list of things that merkel needed to get approval for additional greek funding through her own parliament. She wanted greece to stay in the eurozone not willing to rick her chancellorship to do so. Very little support here in girl mane which is providing the bulk of the funds for additional greek support. So what do you have . You have this Privatization Fund insisted upon by the germans and agreed upon by the greeks. Thats the first thing. The second thing these prior actions of strict pension reforms, tax reforms, government reforms have to be enacted by wednesday. So this is something where the germans say we dont trust you at all. And then well bring it to the german parliament. And shes not calling back by the way, her parliament from summer is vacation with what she said earlier. Its not that tsipras didnt get anything. He got a few things. The lower reconstruction of the deal. There are growth elements in there as well. He also got a longer term deal. So he goes back home with some victories. Some way to say that the referendum was not for naught. But ultimately, what this comes down to in my opinion is a check list for merkel to say i can bring this to parliament. Now, one other thing i did hear earlier is that the European Central governing council will meet, theyre going to hold a teleconference call to talk about ela. I do not know the details of the deal to know if its enough today for the ecb to raise funding and additional funding. I do know that the ecb is concerned about Additional Capital flight. That if they were to raise the withdrawal limits from 60 billion some other number all of that would be capital from greece. I do know from the ecb if theres a strong principle from the politicians has some capacity to raise it at this point. Steve, overall, bottom line do we think this is a victory for merkelle or victory for mr. Tsipras . Reporter well i think there are two minds to judge that if you dont mind. You know how they do two different judgments on olympic dive . Lets look at this from olympic public relations. When i looked at how this was trending on twitter the idea that this is a coup i dont think this is a victory for germany in that regard. I know the germans were quite keen to not be seen as the heavy in this. On the other hand when you look at this from a domestic standpoint germany got what it wanted in order to keep greece in the eurozone. Number one, i think girl mane is a winner. Number one, i dont think theres any other way for germany to get the things they wanted but to come forward to say the document that came out from shouble with the plan a and plan b. Plan a had the Privatization Fund and plan b was the grexit. They got this european managed Privatization Fund of which some goes to growth measures as well. I think germany got what it wanted there. Just interested in how this is played globally in terms of whether or not germany is seen humiliating greece here. Steve, thank you so much. Lets get further reaction on this further deal. The chief the foreign bank joins us now. Good morning to you. In terms of the last couple of days this is a major step forward, but it still needs to be passed in greece and other countries. This is a stricter deal in greece than the one that sip pass already rejected and how he agreed with him and the referendum. Does this get passed by the Greek Parliament . It credibly will get passed by the Greek Parliament. In the meantime the greeks have some experience on what grexit will be having the banks closed. Tsipras, apparently has no majority for this current coalition. But hell likely be able to government implement with a de facto coalition of all proeuropean parties at least for a while. How are you so sure that tsipras actually surprise for us. This is a huge climbdown from what Alexis Tsipras planned for and this is a huge climbdown from what he got just a week ago . Im actually not sure hell survive this for very long. The clear point is there seems to be a clear majority in the Greek Parliament and the greek population for europe. A significant part of the major pro european opposition parties are likely likely to Work Together on this. Whether tsipras will be the head of this de facto informal coalitionkol coalition of pro European Forces is a bit of a question. There say good chance that the overwhelmingness of the greek people mainly 80 in favor of the euro will be expressed in parliamentary vote. Let me just clarify, youre saying that will get another takeover of government in greece . Is that why . And why do you think this government would be able to implement all of the reforms because dont we need a longterm government . Well we will probably have tsipras going into power for a little while. And then well see if there might have to be new elections for a potential government. As to implementing a deal it will be difficult, but siemim afraid from now on from those who wouldnt want to implement it im afraid that this deal will be fully supervised because one consequence of shuttering of trust over the last few weeks is that the deal will need a lot of scrutiny by creditors which actually could mean that more stuff may happen and be passed in greece than has been the case before. Although there will be no grexit. Thats the word from european head Jeanclaude Juncker. Do you believe him. Or is there still chance of greece exiting the rules because of this agreement . Well this agreement there will be signs to implement while there remains tails of grexit. While they will approve it it is by no means certain that this will hold over the next few months and years. And also on the creditor side if there is any significant weak slippage, reaction of creditors, especially northern and eastern europe, could be fairly significant to that. So the fate of greece has not really been severed for good. Having said that the risk of grexit has reseeded. Absolutely. Holger stick with us. Chief economist at barrenburg bank. We want to hear from you, is this a lasting solution get in touch with us at Worldwide Exchange cnbc. Com. For more breaking news and analysis on greece, head to cnbc. Com where we have instant Online Access as well as coverage. Our live team is blogging the events as they happen. Now, straight to the markets, wilf how are they looking . Theyre looking very positive seema. As you might imagine from this deal. Vast measures have to be passed across Continental Europe. This is a Big Development in the last few days and even last few weeks. Well see markets rally 1. 6 . Thats just after european markets opened thats why weve seen a strong rally. The stoxx europe 600, the one week change is plus 7 . Weve already rallied quite a lot during last weekend. But that has continued today because of that clear agreement weve had. Individual markets, the lagger the ftse 100, Continental Europe at the best part of 1. 5 . Basically, the banks, theyre set to performing very strong. Across the board like bnp paribas, or the unicredit in italy. And bonds as risk on passion, the core in germany rising. Close to 1 . 1. 92 weve seen by the likes of spain and italy. A quick look at rates, the euro has been interesting, it did pop up as the deal was announced, having been slightly down at the open. Since people have digested the deal weve seen it sell off quite significantly. Down 0. 8 . Overall, the sentiment is positive. Coming up on Worldwide Exchange, oil trades higher over hopes of irans deal. How close are we to an historic agreement. Were live in tehran after this break. Oil is trading lower amid expectations of a deal with iran on its nuclear program. These talks continue in vienna between six world powers. Reports suggest an agreement could reach as much as 100,000 a day on to the market in the short time. Lets go live in tehran with the latest for us. Ali. Reporter well wilf it looks like the two sides are almost ending what could be an Historic Deal for almost 13 years. Theyve been up and down but the language coming out of vienna right now is very positive. The head of irrons Atomic Energy association said that the two sides are very close. All the technical elements have been resolved. While john kerry said good talks are going on and hes very hopeful. There are still works to be done but the talks wouldnt be extended beyond today. A clear indication that theyre getting ready to make an announcement today or by the latest tomorrow. That is backed up by the fact that all the Foreign Ministers are in vienna right now. Now there may be a little navigating to do but it looks like a done deal. I can also del you here in tehran, social media buzzing with energy with the opt minimum of a deal being announced. Ali, back to you. For that update. And moving on imf managing director Christine Lagarde said the deal is a good first step but only the beginning of a longer process. Its been a laborious night, but i think its a good step to rebuild confidence. And there will be many more step im sure that will only be demonstrated by the implementation of what has been agreed now. Lets get back out to Holger Schmieding head of berrinberg bank. This deal will take a long time to implement . Yes, it will take a long time to implement. It is not really a done deal. You could call it a fragile half deal. Having said that the situation is now significantly better than it has been say, than the middle of last week or the week before. After this disastrous referendum decision not aside from the disastrous decision of tsipras in greece to go against competitors, we now have a tsipras that is ready to implement a deal that all in all looks fairly sensible and theyre right for the markets to celebrate that process. S the marketing inging celebrating as you say, the euro copped a little lower. But since has traded sharply down. Why do you think that is . Well the euro is the one thing that in the euro crisis often moves against what quite a few people think is intuitive. The Euro Currency is unlike youth spreads. Not a clear play on the future of the euro. We often see a knee jerk reaction that negative news on the euro prices let the currency down, only for the currency to go after recover. We could, for instance have the following. If the u. S. Fed sees that the situation is coming down in europe, the u. S. Fed is probably more likely to announce that it will raise rates in september. That could actually mean a slightly stronger dollar. Holger you said when we were chatting earlier that a grex the does remain a small risk for europe. But how much less of a risk is that today than it was yesterday. Well i would say this remains a significant tale risk. It say bit less of a risk than yesterday. It is probably somewhat around 30 , 35 , as this deal still needs to be implemented. And in particular, who is the most likely to block this thing . Is it the Greek Parliament itself . Or other countries around europe, of course, the likes of finland, netherlands austria, slovakia australia, these are countries that have sparked any opposition to greece moving forward. I do think that we will likely get Parliament Approval by all sides all of the coming days. If one of the parliaments of the smaller european states you mentioned were to say no we probably could go around it as in the end, we only need 85 . Another 100 of euro members to agree. The real issue will be in the implementation in the months thereafter, when there might be days agreement on the details. Or there might be more resistance in athens. And indeed these politician are the politics that you probe have to watch most in the coming months. Holg lovely speaking to you as usual. Coming up a meeting from the european Prime Minister. We look at how the move is slightly higher. Worldwide exchange. Were back in two minutes. After 17 hours of negotiations we have finally reached it. Someone can say that we have agreement. The deal is done after a marathon weekend of talks, pole makers agree the framework for an 80 billion euro package for greece depended on athens implementing a number of reforms starting this week. Leaders say the grexit issue has been put to bed while greek Prime MinisterAlexis Tsipras suggests athens has sent a message of democracy to the whole of europe. European equity trades higher but the euro sheds o