How Greece will exit its bailout program and what it means

Europe has agreed on a plan to finally shepherd Greece out of its bailout program and keep it afloat in coming years.

The country's fellow states in the euro currency union said early Friday that they would give Greece its last loans and ease the cost of repaying old ones.

But the deal also means that Greece will have to continue with painful economic measures for years, meaning the pain is not quite over for Greeks.

Heres a look at the deal and what is likely to happen next.

What was the deal?

Greece's creditors gave it a last batch of loans, worth 15 billion euros. That will help Greece cover its financial needs for about 22 months after the end of its bailout in August.

They also gave Greece a ten-year extension in repaying a large chunk of its crippling debt load. In return, Greece has to run budget surpluses,...