Taj sporazum postignut je tokom vanrednog sastanka 21. juna u Briselu, približno 14 mjeseci nakon što je grčki premijer George Papandreou s EU i MMF-om potpisao ugovor za trogodišnji paket spasa u vrijednosti od 110 milijardi eura.
The agreement was reached during an emergency meeting in Brussels on July 21st, roughly 14 months after Greek Prime Minister George Papandreou signed a deal on a three-year rescue package worth 110 billion euros with the EU and the IMF.