Alexis Tsipras: 'We sent a message of dignity to all of Europe'

Greek Prime Minister Alexis Tsipras defended the bailout agreement that was reached Monday morning, telling the press, "We averted the plan of a financial choking and banking system collapse."

Admitting that his country faces a "tough battle" and "difficult decisions," he pointed out that he was able to convince leaders not to place the €50 billion recapitalization fund in Luxembourg, allowing it to remain in Athens. He was also able to secure medium-term funding for Greece and eventual debt relief, The Guardian reports. "The growth package of €35 billion and debt restructuring will make markets understand that Grexit is a thing of the past," he said. "We sent a message of dignity to all of Europe."

During his own press conference, French President Francois Hollande shared some encouraging words, saying Tsipras "made a very courageous choice. He asked for other reforms but at the same time he knew this was the only way to get this €80 billion of financing."

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