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Creditors for a bailout to keep greece in the eurozone. after an all night marathon negotiating session, the presidents of the european council announcing a short time ago that negotiators reached agreement or agreekment. calling for financial support of greece. that financial support will have to be considerable. european officials estimate greece needs $96 billion over the next three years. for the latest on the last-minute deal let's turn to elinda labrapolou. >> reporter: we finally have a third bailout for greece which has been reached in brussels. >> today we have one objective. to reach...

>> good to see you. >> what does it mean to us was 96 billion now 60. 96 billion-dollar bailout. >> a big chunk of chain not our change. went up 200 points pretty close to the open. the question is can we hold on to it. at the end of the day we don't know if this deal is going to be consummated. what has to happen is the greeks have to pass each part of this deal. pension reforms, raising taxes or even the greek government selling some of its assets to raise money all of that has to be approved in greece. >> i don't get it if you had $96 billion lying around. let's assume everything gets passe...

I presume the district attorney. a lot of people are passing the blame. but the system that has to be alleviated and more coordination and more cooperation. >> we hear you sheriff joe arpaio from maricopa county in arizona. let get to wall street. stocks taking off. as some greek officials and the european union agree to a $96 billion rescue. the dow summering more than 200 but the greek does not get a penny unless the parliament agrees to radical changes. let's get to charles payne who says this deal has him worried. i why are you worried? >> we had a lot of false starts with this. this wil...

Greece will need as much as $96 billion for the next three years. let's turn to elinda labrapoulou in athens. this still needs to pass the greece parliament? >> reporter: yes. it has to happen quickly for these measures to be voted on in greece and once that is completed, ratified to the number of other european parliaments. in order for the talks to begin in the final deal. what we are looking ahead of us is a week of fast developing news. a lot of decisions and first of all, decisions in greece because watch the prime minister come back from brussels with harsh

For a full eurozone bailout. the total amount involved here is in the tens of billions of euros, some estimate up to $96 billion worth of money. but what this was really all about was trust. can greece be relied upon to keep its word. to keep the promises that it's made tonight. the agreement that is being produced is full of shackles and chains to make sure greece does follow up with what it said it's going to do but everybody really knows this is about trust. and it's up to greece to prove it will keep its word. richard quest, cnn, brussels. >> rich arrestedrichard, thank you. greece still h...