The BBC phrases it tactfully: Honduras rivals resolve deadlock

The interim leader of Honduras says he is ready to sign a pact to end its crisis which could include the return of ousted President Manuel Zelaya.

Roberto Micheletti said the agreement would create a power-sharing government and require both sides to recognise the result of November’s presidential poll.

Mr Zelaya said the deal, which requires the approval of the Supreme Court and Congress, would be signed on Friday.
…
The opponents had earlier been told by US Assistant Secretary of State Thomas Shannon that they had to reach an accord in order to ensure international support for the election on 29 November.

Afterwards, Mr Micheletti announced that a power-sharing deal had been reached that included a “significant concession”.

“I have authorised my negotiating team to sign a deal that marks the beginning of the end of the country’s political situation,” the interim leader told a news conference.

“With regard to the most contentious subject in the deal, the possible restitution of Zelaya to the presidency” would be included, he said.

Mr Zelaya described the accord as a “triumph for Honduran democracy”, and said he was “optimistic” of returning to power.

Noticias 24, however, states it as it is: Micheletti sucumbe a la presión de EE.UU. y acepta la restitución de Zelaya (Micheletti caves under US pressure and agrees to Zelaya’s return). Noticias 24 lists the main points of the agreement (my translation: if you use this translation please credit me and link to this post):

1. The creation of a reconciliation government.
2. Rejection of political amnesty.
3. Recognition of the November 29 elections.
4. Transferring control of the Armed Forces from the Executive to the Supreme Electoral Tribunal.
5. Creating a verification commission to enforce compliance with the agreement.
6. Creating a truth commission to investigate the events before, during and after June 28, the date of Zelaya’s removal.
7. Requesting that the international community end all sanctions against Honduras and that they send in observers to the presidential election.
8. Supporting the proposal for a vote of the National Congress with the approval of the Supreme Court of Justice to reinstate all the Executive Power prior to June 28, that is, restoring Zelaya to power.

Both sides signed the agreement.

La Gringa, who liveblogged last night’s news, posted

Worst news of all: supposedly Thomas Shannon has been pressuring the congressmen to vote for the restoration of Zelay or else! The exact words were that “Shannon scared the living hell out of everyone here including Micheletti.” Yeah, remember the press conference? “We’re just here to help. We aren’t going to intervene. We’ll respect any decision that the Hondurans make.” Yeah, right. Now they are even threatening elected Honduran officials that they won’t recognize elections unless they vote yes. I’m sure there must be economic threats as well.

El Heraldo (in Spanish) makes it clear that US State Dept. envoy for Latin America Thomas Shannon went to Honduras to twist arms: his position was that the November 29 elections would not be recognized unless Zelaya was returned to power. I guess nothing ensures democracy like restoring to power the guy who did his outmost to undermine democracy, at least in Shannon’s eyes.

Others reporting:
NY Times Deal Reached in Honduras to Restore Ousted President
WaPo: In Pakistan, Clinton announces resolution to Honduran crisis
The Guardian: Deal could lead to reinstatement of ousted Honduran president Manuel Zelaya
Agreement to create power-sharing government paves way for return of leader ousted in military coup

Here in the US, John Kerry wants Law Library report on Honduras retracted (the Library of Congress stands by its report), while yesterday in Honduras Zelaya warmly greeted Shannon in the room with the tin-foil curtains where he stays at the Brazilian embassy to protect himself from mind-altering radiation:

Zelaya crowed

“The mere fact that Micheletti recognizes the need to rebring the state power to June 28 means a triumph for Honduran democracy.”

Related reading: Who’s behind the Obama Honduras policy?

Blog reaction
US crams Honduras agreement on return of Zelaya down government’s throat
Honduras Caves to US Interference
Zelaya returned to power
AN OBAMA ADMINISTRATION “TRIUMPH”
Scott Johnson

It is perfectly fitting that the signal diplomatic triumph of President Obama’s first year in office is the restoration to power of the lawfully deposed Honduran thug and friend of Fidel Castro, Daniel Ortega and Hugh Chavez. It is inimical to the national interest of the United States. it is a setback for the supporters of democracy in the beleaguered country of Honduras. And it is a defeat for those who believe in the rule of law. It is, in other words, a triumph of “smart diplomacy.”

Zelaya To Return As President Of Honduras, But Only To Sit On His Proktos
Ousted Leftist Zelaya & Honduran Government Sign Pact
Smart Diplomacy: Mrs. Clinton Helps Re-install Ousted Honduran Thug
Times of London:

The breakthrough came after renewed pressure from senior US officials who travelled to Honduras this week for a last-ditch effort to end the crisis.

Chicago comes to Honduras
Honduran Government Succumbs to the Obama Administration’s Pressure, Fellow Marxist Manuel Zelaya Will Be Returned to Power…..
Micheletti Caves in Honduras
Telling It as It Is — New York Times Style
Honduras Folds Part 2
Meanwhile, back in Honduras
Zelaya’s back!
Under U.S. Pressure, Bankrupt Honduras Agrees to Return Authoritarian Ex-President to Power
Obama Administration Forces Honduran Capitulation to Chaves Wanna-Be
The Rank Stench of Success
The Democrats in Honduras
A Settlement is Achieved in Honduras. Elections to be Respected, Zelaya’s future uncertain.
Travesty in Honduras
Who Came out of the Honduran Crisis Looking the Best? Hillary.
Ros-Lehtinen Comments on Developments in Honduras
Zelaya To Be Temporarily Restored to Office In Honduras; Recent Killings Definitely Not Related, No Sir
Finally: Obama gets a foreign policy success—unfortunately, it’s in Honduras, not Iran
US Makes Honduras Restore President
Fausta: “Honduran Government Caves” to US; Restores Zelaya
Everyone’s mighty confident about this Honduras deal
Obama Saves Face – Forces Honduran Congress To Go Through The Motions Of Restating Their Position On Zelaya
Honduras: Sold out
Don’t pack your bags yet, Mel
Reports of a Deal in Honduras Are Premature
Honduras: An Obama-Clinton disgrace
Return of the Honduran Prodigal

The U.S. embassy in Honduras did yeomen’s work watching out for the interests of the Zelaya clan, leaving many to wonder which side it was pulling for. In short, against a small, friendly, anti-Chávez ally, the administration mustered the sort of muscle it would never dare use against Iran, Russia, or Venezuela.

The accord requires implementation by the Hondurans, good behavior by Zelaya, and a quick infusion of international support for the elections. It requires hands-on U.S. diplomacy, not pre-June 28 complacency, to make sure Zelaya doesn’t yet derail the electoral process and steal Honduras from under the eyes of the Obama administration.

Potential Deal Reached In Honduras
Honduras agreement allows Zelaya return

Post re-edited to correct a broken link. Blog reaction roundup will be updated through the day.