This is the immediate analysis from the BBC's Europe correspondent Chris Morris: " The details are not yet clear. Greece is all but bankrupt and it's now been told it has to push legislation on a series of reforms through parliament in the next three days - before any talks on another financial bailout can begin. Eurozone finance ministers had presented an additional list of demands - some of which have been watered down, some of which proved desperately hard for the Greek government to accept. Among the last sticking points were the role of the IMF in a future bailout, and the amount of money Greece would have to raise through privatisation and then deposit in an account outside Greece."
Next hurdle will be the Greek Parliament and we must assume that the plug will be pulled if they don't pass the reforms.