How Politicians Reacted To Greece Bailout Deal

David Cameron and George Osborne have cautiously welcomed Greece's bailout deal - but not everyone shares their optimism.

UKIP and the Green Party have criticised the deal , while economists and statesmen have also weighed in with concerns.

The agreement saw a new financial rescue package agreed at a summit of eurozone leaders in Brussels.

Prime Minister David Cameron said the agreement offered the chance of stability, but warned there was still "a long way to go".

He said: "What's in Britain's interest is that there is stability in the eurozone and there isn't the threat of uncertainty and instability.

"And I think this deal gives that sort of stability a chance. But obviously there is long way to go to put into place all the things that have been agreed."

Chancellor George Osborne said he wanted to see a lasting solution to the crisis.

He told Sky News: "I think that Britain can give a cautious welcome that the eurozone has stepped back from the brink because it is pretty clear that these problems in Greece and across Europe have an impact on our economy.

"What we really want to see now is this turned into a lasting solution because this risk from Greece hangs over the whole European economy, including Britain."

But both UKIP and the Green Party were united in criticising the agreement.

UKIP leader Nigel Farage said: "If I were a Greek politician I would vote against this deal. If I were a Greek 'no' voter I would be protesting in the streets. Mr Tsipras' position is now at stake.

"This conditional deal shows that national democracy and membership of the eurozone are incompatible."

Green MP Caroline Lucas called it a "dark day" for democracy, adding: "The oldest democracy in the world has been subjected to a coup.

"The forces of darkness - the IMF, the eurozone and the ECB - are subjecting an already deeply impoverished country to further needless cruelty. National sovereignty has, in effect, been suspended."

Greek prime minister Alexis Tsipras said the agreement had averted a banking collapse in Greece.

He said: "Greece will fight to return to growth and to reclaim its lost sovereignty.

"We took the responsibility of the decision to be able to avert the harshest outcome. We managed to avert the demand to transfer Greek assets abroad, to avert the collapse of the banking system."

Donald Tusk, president of the European Council, said negative "social, economic and political consequences" have been avoided.

"There are strict conditions to be met. Nevertheless, the decision gives Greece the chance to get back on track with the support of European partners."

Paul Krugman, the Nobel-prize winning economist and austerity critic, said creditors' demands on Greece "went beyond harsh into pure vindictiveness, leading to the complete destruction of national sovereignty with no hope of relief."

He added: "It's a grotesque betrayal of everything the European project was supposed to stand for."

Italy's prime minister Matteo Renzi said it was wrong for Germany to "humiliate" Greece.

He said: "Humiliating a European partner after Greece has given up on just about everything is unthinkable. To Germany I say: enough is enough."