a deal was reached in brussels. greece will receive a third bailout but only in return for tough economic reforms, as well as overhauling pensions. prime minister alexis tsipras must also hand over 50 billion euros of state assets, which will be placed in a special fund. the plan has been greeted with an extra of relief and anchored

in athens. reporter: after six months of tough talks and the threats of a greek exit from the euro zone, athens and its creditors compromised. >> we have finally reached it. someone can say we have an ag reekment. reporter: the country's texas system will be reformed. improvements to the pension program will be implemented good the country's legal system will be streamlined. a new set of measures will come into play and greece will have to trim the fat yet again. it will include a second round of pension reform some will go even further. by arranging commercial reforms concerning everything from working on a sunday to regulating sales. the energy market will be privatized. the greek labor markets brought in line with eu practices. and the nation's financial

sector strengthened, notably removing any chance of political interference in athens. >> i have a feeling the convictions on the house -- convictions any hopes of this package will be achieved restructuring of the debt but also secure financing for the next three years will create a feeling for the markets, the investors, that grexit is a thing of the past. reporter: greece was keen to limit imf involvement. the deal is dependent on the country asking the body for further assistance. hardliners like germany don't want to leave athens much wiggle room. 50 billion euros in greek state assets will be liquidated and sent to an independent fund. have a that will go towards me capitalizing the banks. the rest towards investment and reducing the country's debt to

gdp ratio. as a gesture, the fund will be established and managed in athens. greece has until wednesday to pass these reforms through parliament. laura: let's go to brussels where the marathon talks wrapped up earlier this morning. our correspondent is there. this is the longest ever summit. a lot of exhaustion, i can imagine, today. but also a feeling that crisis has been averted -- is that the feeling today? reporter: indeed. exhaustion, of course, but a feeling that disaster in greece has been averted for the moment. but advocates are warning that the eurozone risk of disaster is deepened. in return for fresh money greece has to implement painful reforms and monitoring for the next three years. it has to regain trust by implementing the laws and voting on the deal by wednesday. one official said it was a close call, that there was a lot of

that feeling towards greece for most member states. most of the countries in the room have had to radically reformed there are countries at a stage and push unpopular reforms on the people. i spoke to someone who works at a think tank and has analyzed greece for about 10 years. he says that both options were bad. one had tough conditions that would kick the can down the road and may not even be lamented. the second was grexit. he says he feels the best option was chosen. as for whether greece stays in the eurozone, and needs a vital reforms for better economic performance. we see how standard & poor's has reacted. it would upgrade the greece credit rating quickly if the deal is fixed. similar programs eventually worked in portugal spain, and the baltics. but angela merkel herself, the chancellor of germany said it

would be a very long and difficult road ahead for greece. laura: meabh, thank you very much indeed. for analysis of the deal with greece, i am joined by ronald freeman from the atlantic council. thanks for joining us on "france 24." the greeks will now swallow more austerity. lenders will have to wait longer to get their money back. who conceded more in these talks, in your view? ronald: there has been really no concession by the lenders good all they did was produce a statement with a lot of conditions precedent in it and they continued the drip feed to greece, which will not suffice to get their economy going again. what greece needs his growth -- more consumption, where exports, more investment, and the greeks are too impoverished providers things. if they really want to see a show of solidarity among european countries, which is what the eu is all about, let angela merkel and present a lot encourage the country and take

summer holidays in greece, by more greek run next, encourage the country corporations to invest in greece, country badly in need of not more austerity, but more growth, throws it has been lacking the last five years. the imac produce a report saying greece -- the imf recent report that greece will need funding at least through 2020 if things go as they are. they need growth, not austerity, not rigor. laura: we heard from our reports in brussels -- i don't know if you were to which he was saying -- but most of the leaders in the room at the talks have had to impose austerity. they have had to reform their economies to get them back on track. this deal is harsh for greece, but can it get it finally back on the road to economic recovery? there have been use, decades, even, of better management of the economy. ronald: that's true, but greece is a country that exports almost nothing of any high-value. it is a small country that basically depends on tourism

shipping, which is a major industry, pays no taxes because arrangements on the shipping industry. greece is sicker than the others -- secure in ireland, sicker than iceland certainly, and with a much more profound financial problem. it comes down to lack of investment and growth. laura: europe had to do this to a certain extent because other countries has been in economic difficulty. the eurozone leaders want to send a message that they will not be getting special treatment to anyone, whatever the situation. ronald: the southern tier countries, all in more or less a degree of difficulty, are still in the euro. they take comfort in a fast monetary agreement but it assures them cheap financing for 10 years and is now distinction much more harshly among various countries. portugal, italy and even france, for that matter, show similar

ailments to greece. not as bad, not anywhere close but they are suffering from the same thing -- lack of investment, lack of growth, lack of exports. they need help of various degrees. helping greece is not going to change things for portugal italy, or france. they needed a different remedies , all of them involving growth and job creation. laura: ronald freeman of the lannett counsel, thank you very much for joining us on "france 24." don't count on a deal tonight -- iran's foreign minister says negotiations in vienna good and without an agreement by the latest deadline, midnight tonight. western powers including russia and china are working on an agreement that would curb iran's nuclear program in exchange for an end to sanctions of the iranian economy. mohammad sharif was speaking to iranian media on the latest effort to resolve the international dispute over iran's nuclear program. the process has been going on for 12 years.

reporter: it was actually from this balcony that the iranian foreign minister zarif said there won't be an agreement this evening. that is not necessarily a negative signal we are hearing from western diplomats, that essentially they have managed to overcome most of the technical hurdles minus the arms embargo on iran. some media in the austrian capital of the moment are reporting that the english text of the agreement has been completed. it is a matter of translating it into farsi. it is 100 pages long, with five intricate annexes. potentially it is taking such a long time. we have not had confirmation on the completion from any of our sources on the ground. particularly interesting today's there was a tweet from iranian president russ on rouhani. -- caps on romney. many are referring to it as a

premature retreat -- he says "and iran deal is a victory for diplomacy and mutual respect." she deleted that and came out with an if -- "if there is any kind of announcement about comprehensive agreements, it will be coming from here, from vienna where negotiators like u.s. secretary of state john kerry and his iranian counterpart, mohammad jovan is a reef -- mohammad javad zarif, have been spearheading the campaign. we don't know if there will be an extension beyond the midnight deadline. laura: iran's this is leaders and a traders and merchants are hopeful that they could see an end to the sanctions that i had a crippling effect on the iranian economy. mark thompson has more details. mark: for many iranian businesses, life under economic sanctions has been a change of approach. prior to 2012, around 100 million dollars in foreign investments.

for the past five years, it has been blocked from receiving money from abroad. it focuses exclusively on the iranian markets. >> if there were no sections, this company could be four or five times bigger than it is today. mark: the sanctions put in place by what lowers -- by world powers hit small businesses especially. >> i can say that working at 40-50% of capacity. mark: foreign companies are knocking on the door to after iran was granted $7 billion worth of sanctions relief at the end of 2013 france sent its most senior delegation to the country in years. >> this is a new atmosphere of honorable cooperation based

on mutual rights and benefits and can lay completely new half before us. mark: iranian media says the delegation is expected to make a return visit in september. some foreign companies have already come back. meanign another change in strategy for domestic businesses. >> today we focus on the business side. we have more business, more investors, potential investors to iran. mark: experts predict that the effects of a complete lifting of sanctions could be felt within six months. providing a much-needed boost to an economy that has been battered by recession. laura: for over a decade now world powers have been attending to rein in iran's nuclear program, and talks over the last 18 months have been called the most difficult stretch. a look at how negotiations have evolved. mark: june 2013. a new iranian leader and a fresh

chance for nuclear talks. caps on rouhani is elected president. -- hossein rouhani is elected president. he is considered more moderate, pragmatic, more willing to talk to other leaders that his predecessor, mahmoud ahmadinejad. within months, u.s. president barack obama had picked up the phone, the first direct contact between an american and iranian president since 1979. >> it is time for dialogue. by guy like i mean a process, a mentality, that would require us to recognize the rights, interests, and aspirations of all. meabh:ark: before the eurozone, to run had reached an interim agreement limiting the nuclear program. and consisted of the u.s., china, russia, the u.k.,

germany, france, a greinke partially lift sanctions and unfreeze iranian assets. among them, $4.2 billion of iranian oil sales revenue unblock from frozen accounts. $1 billion was repatriated from petrochemical sales. a ban on gold trade was suspended. the ban on imported car parts was also lifted. in return, iran agreed to freeze its uranium enrichment at 20% and get rid of its stockpiles. president rouhani said the deal would not change the country's plans. president ronnie: no matter what interpretations are given iran's right to enrichment has been recognized in the text of the agreement. for that reason, i announced in the iranian nation that iran's enrichment activity will continue as before. mark: deadlines for a comprehensive agreement came and went. first, in july of last year, and then again in november. world leaders then gathered in

switzerland in march to finalize talks. by april, the two sides had struck a framework deal to restrict iran's nuclear program in return for sanctions relief. the agreement, described as a decisive step by negotiators led to scenes of celebrations on the streets of tehran. international trade embargoes, including those on arms, oil and banking, have longhorn that have long had a chokehold on the iranian economy. -- have long held a chokehold on the iranian country. >> relations with iran and other countries will improve and the pressures of living here should ease. mark: test to finalize a deal between the p5 plus one and tehran started in vienna last month after several rounds of discussions. both iran and the u.s. claim a conference of agreement has never been closer.

secretary kerry: we are just working and it is too early to make judgments. mark: once again, deadlines have been problematic. among the reasons for delays -- argument over inspections at the speed at which sanctions are lifted. after the third extension in two weeks, negotiators on both sides say a deal is within reach. if and when that will happen is another question. laura: the military overhaul in nigeria now. president mohamed buhari has replaced the heads of the army navy, and air force, in a move that was widely expected. it comes following a string of regional attacks by the islamist group boko haram. there was a suicide bombing in the northern cameroon this monday with at least 12 people killed. another suicide bomber struck northern nigeria's western city while in the capital chad, a suicide bomber dressed as a woman blew himself up at a crowded market. 15 people died in that attack.

here in france, police are hunting for three armed robbers who held up a clothing store in a shopping mall near paris early monday. one of the men is thought to be an employee of the store. 18 employees were reportedly taken hostage during the robbery. prosecutors say the men appear to have fled without taking any money. reporter: french authorities are still on the hunt for armed robbers who held up a clothing store in a mall near paris. special units intervened sealing off traffic while surrounding shops were closed down. early on monday morning, three men, one of whom is thought to be an employee, first into the store with a gun, taking 18 people inside hostage. >> i was there. i started work at 6:00 a.m. i got there, i was smoking a cigarette, i saw my manager running panic. told me, "run, run run!"

why should i run? "don't ask any questions, just run." reporter: by 10:30 a.m., the mall had been evacuated. by the time security forces searched the premises, the three suspects had made their escape and were still on the run. with no reported fatalities or injuries, authorities have put it down to a straightforward armed robbery. but the incident no doubt brought back memories of the january 7 attacks in paris stoking fears over the annual bastille day military parade on tuesday. laura: it comes as paris plans to host the annual military parade. special forces will march down the charts elysées the first time this year, reckon i think their role in killing the extremist who went on a murderous rampage in january. reporter: there are used to working in the shadows rather than marching in the limelight. even then, the special division

of the elite antiterrorist unit has to guard their anonymity for security reasons. as they march along the chance elysées for the first time ever in the bastille day parade. known as the special operations unit of the armed forces, they specialize in counterterrorism operations and hostage situations. the unit is made up of about 380 members who work in different highly specialized divisions meaning they could also be deployed in scenarios such as nuclear attacks or hijackings. it is often partnered with a raid -- the elite antiterrorist unit of the french police, comprised of 170 members renowned for its rapid responses in paris and surrounding districts. equipped with highly sophisticated weapons, it offers additional support to police operations. earlier in january the world saw these troops in action as they responded to the paris

terror attacks. they were at a printing shop northwest of the capital two days after the brothers gunned down 12 people in the offices of "charlie hebdo." >> i saw the kouachi brothers. i wasn't afraid. there wasn't time to feel afraid. we had too much to think about trying to protect our comrades who were also holding positions. you don't have time to think or feel fear. reporter: that same day they were mobilized to a kosher supermarket east of paris where a hostage situation was unfolding. the unit stormed the building, killing the gun man. 4 jewish hostages lost their lives but 15 were rescued. on july 14, the french people will have a chance to show their gratitude as the members of the elite squad watch along the most famous avenue in france. laura: a reminder about how stories this hour. greece is to stay in the euro zone but many are asking if the cost is too great. prime minister alexis tsipras

back in athens tonight after marathon talks with eu leaders. he must persuade the country to accept tough austerity measures in return for bailouts. negotiations are going down to the wire once again in vienna good world powers and iran have until midnight to reach a deal over tehran's nuclear program. iranian negotiators say this deadline might well be missed. and french police are hunting three armed robbers after they held up a clothing store north of paris. 18 people were taken hostage. the gunman appeared to have escaped empty-handed. let's get some business news for you now. looking specifically at the pressure on greek banks. reporter: a lot of worries about the greek banks collapsing with the massive withdrawals we have seen over the past year. between december and june, depositors have withdrawn 40 billion euros. the letters had been counting on

the banks for a. -- greenlanders have been counting on the banks for eight. the ecb close out the possibility of an emergency -- under the liquidity assistance program. they reiterated that position again today. while many think that the banks have enough money come on the streets there is less certainty. reporter: the european central bank's refusal to try the credit tap[s back on means that seems like this will remain in the capital. prime minister alexis tsipras called a snap referendum over bailout talks. since then, the banks remain closed, and cash withdrawals have been limited to 60 euros a day. with the deal finally being made between greece and its creditors, there is no change for these people in athens. >> how will we be able to survive if we cannot get cash

from the bank? it is a problem if you cannot take out your money or deposit freely. >> what is the deal on the table? is it the greek people are against the great people? everything we have done so far has been against the greek people. it is damaging for us. it damages humanity, not just greece. reporter: the ecb is not expected to make any change to the liquidity fund until the new deal is agreed by the greek parliament. the vote is to be held this wednesday. the new bailout package for greece offers up to 86 billion euros, including 25 billion for recapitalizing banks. many ordinary citizens in athens, it is misery as usual for now. reporter: the eurozone finance ministers are discussing bridge financing that would help keep greece running until the parliament approves the negotiations for a third bailout. -- a point that finland's hard-line finance minister

underlined today. >> seems a lot of people of jumped the gun and thought that negotiations is automatically know, it is conditional on the greek parliament. the big issue today will be bridge financing and i foresee those negotiations being very difficult because i don't see many countries being a man -- giving a mandate to give money without conditions. reporter: britain's ftse finished 1% higher. the german dax and the spanish index finished over 1.5%. cac 4-up similarly could similar story in the u.s., where investors are in the green. investors are looking with ac out of the greek debt talks. news of the deal have raised hopes that grexit is not on the table, but they want to see if the greek parliament will approve the plan. time for the day's other top

stories. saudi arabia has increased oil output to a record level. it is up 200,000 from a may. as saudi arabia keeps the rate up, it will be the first to reduce 11 million barrels a day since the former soviet union. the country could be racing to gain even more of a share as iran and western powers normalize relations. the head of nintendo says iwata has passed away. he joined in 2000 and was seen as a leading figure in the muslim devices including the -- the most popular devices including the handheld ds and thew ii 00-- wii console. china is the world's biggest traitor of goods and the decline has hampered economic growth. last year the economy expanded at its lowest rate in a quarter of a century, growing just 7.4%.

it is that time of year in san diego. from zombies to superheroes, thousands of fans are attending comic-con, and the event has been a boon for the local economy, contributing $500 million in the past year alone. from hotels to restaurants, this year's the 46th year of the comic-con event unexpectedly from 120,000 people. let's listen to one attendee about why the event keeps getting bigger. >> i think it is huge. it is huge for little kids, old people, brings everybody together. i think it is awesome seeing everybody in character and people like me who have been closet nerds

de possible by democracy now!] amy: from pacifica this is democracy now! >> the medical doctors and psychiatrists have said for dissipation -- participation violates the violation the standard of do no harm. in a coated members of the mx inside a logical association lie and cover-up their extensive involvement in the cia and pentagon torture program after 9/11? that is the finding of a