World

Greek leader Tsipras hails negotiation 'success' but warns of difficult negotiations ahead

  • An employee of a tourist shop stands next to caps with the Greek flag in the traditional Plaka district of Athens on Saturday, Feb. 21, 2015.  Greece's government starts working on drafting a series of economic reforms it must present to the other euro zone finance ministers on Monday, as part of an agreement reached Friday to extend the country's European loan agreement. (AP Photo/Thanassis Stavrakis)

    An employee of a tourist shop stands next to caps with the Greek flag in the traditional Plaka district of Athens on Saturday, Feb. 21, 2015. Greece's government starts working on drafting a series of economic reforms it must present to the other euro zone finance ministers on Monday, as part of an agreement reached Friday to extend the country's European loan agreement. (AP Photo/Thanassis Stavrakis)  (The Associated Press)

  • A street artist shows fun caricature portraits of various political leaders in the traditional Plaka district of Athens on Saturday, Feb. 21, 2015. Greece's government starts working on drafting a series of economic reforms it must present to the other euro zone finance ministers on Monday, as part of an agreement reached Friday to extend the country's European loan agreement. (AP Photo/Thanassis Stavrakis)

    A street artist shows fun caricature portraits of various political leaders in the traditional Plaka district of Athens on Saturday, Feb. 21, 2015. Greece's government starts working on drafting a series of economic reforms it must present to the other euro zone finance ministers on Monday, as part of an agreement reached Friday to extend the country's European loan agreement. (AP Photo/Thanassis Stavrakis)  (The Associated Press)

  • A street artist shows to Turkish tourists his fun caricature portraits of Greek Prime Minister Alexis Tsipras, left, his Turkish counterpart Recep Tayyip Erdogan, center, and Russian President Vladimir Putin in the traditional Plaka district of Athens on Saturday, Feb. 21, 2015.  Greece's government starts working on drafting a series of economic reforms it must present to the other euro zone finance ministers on Monday, as part of an agreement reached Friday to extend the country's European loan agreement. (AP Photo/Thanassis Stavrakis)

    A street artist shows to Turkish tourists his fun caricature portraits of Greek Prime Minister Alexis Tsipras, left, his Turkish counterpart Recep Tayyip Erdogan, center, and Russian President Vladimir Putin in the traditional Plaka district of Athens on Saturday, Feb. 21, 2015. Greece's government starts working on drafting a series of economic reforms it must present to the other euro zone finance ministers on Monday, as part of an agreement reached Friday to extend the country's European loan agreement. (AP Photo/Thanassis Stavrakis)  (The Associated Press)

Greek prime minister Alexis Tsipras hailed the "important success" of Greece's negotiations and what he called "the end of austerity and the bailout" but warned Greeks that difficult negotiations lie ahead.

"We won a battle, but not the war. The difficulties lie ahead of us," Tsipras said in a TV appearance made on very short notice.

The Greek government is facing a Monday deadline to come up with credible reform proposals to extend the existing bailout deal and the drafting of a new one.

Tsipras is meeting with his inner cabinet later Saturday to discuss the proposals.

Friday's agreement to extend the country's rescue loans, although conditional, was greeted with relief by many people as a first step forward and away from the crushing austerity of recent years.

Others were more skeptical, wondering whether the left-wing Syriza government will be able to keep even a fraction of its promises and how it will find the money to finance them