BBC News

What does debt deal mean for Greece?

Greece has said it has received enough backing to push through the largest restructuring of government debt in history.

Holders of 85.8% of debt subject to Greek law and 69% of its international debt holders agreed a debt swap, according to the Ministry of Finance.

Take-up was high enough for the government to force unwilling investors to consent to the deal.

The BBC's Mark Lowen explains what the new deal means for Greece.