Greek parliament is scheduled to vote on the deal presented by European creditors on Sunday. If the measures are adopted as agreed it might open up new negotiating opportunities for Greece as well as open up short term financing, which will help Greece to make payment to European Central Bank (ECB) on July 20th of €3.5 billion.

In a TV interview, Greek Prime Minister Alexis Tsipras defended the agreement reached but in a bit strange way.

He said the deal was necessary to avoid a disorderly exit and chaos, however he posed that he was faced with an ultimatum - "agreement or disorderly bankruptcy". This is to show he has been a victim of circumstance and ultimatum.

Mr. Tsipras also said - "I am fully assuming my responsibilities, for mistakes and for oversights, and for the responsibility of signing a text that I do not believe in, but that I am obliged to implement".

However, he also defended his position saying that it is a much better deal than what was on offer. He mentioned there is a commitment for Greek debt restructuring and milder primary surplus target.

Mr. Tsipras has shrugged off any possibility of a Greek reelection.