France's Hollande says Greek bailout deal is thanks to Tsipras reform plan

Greek Finance Minister Euclid Tsakalotos attends a euro zone finance ministers meeting in Brussels, Belgium, August 14, 2015. REUTERS/Francois Lenoir

PARIS (Reuters) - French President Francois Hollande on Friday welcomed the agreement reached by euro zone finance ministers to launch a third Greek bailout, saying it showed Europe could move forward after months of negotiations.

"This decisive step was reached thanks to the determination of Alexis Tsipras's government, which is on a path to courageous reforms whilst remaining true to its principles of justice," Hollande said in a statement.