At last, the eurozone has found a Greek formula that should allow it to disburse €43.7bn to the beleaguered nation. It shouldn't have taken this long, and this doesn't mark the end of the Greek debt drama.

National parliaments will need to agree to the deal and Greece will have to live up to its promises. But the important thing is that the eurozone has made good on its commitment to support Greece, and in doing so has sanctioned at least limited official-sector debt relief.