“Our proposal has been accepted as the basis for discussion by the institutions,” Prime Minister Alexis Tsipras said after an emergency eurozone summit in Brussels.

“Negotiations will continue over the next two days. We don’t want a fragmented deal that is only for a limited time. We want a complete and viable solution,” he underlined.

“For the first time the burden will not lie on workers and pensioners. We are protecting middle class families and for the first time the burden will lie on those who can pay, so we can finally leave this crisis which has afflicted us for five years,” he added.