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LUXEMBOURG – Eurozone nations agreed on the final elements of a plan to get Greece out of its eight-year bailout program and make its massive debt more manageable.
The finance ministers of the 19 nations took daylong talks into Friday and reached a surprisingly hard-fought compromise which had seemed within easy reach for the past few days.
The ministers needed to finalize a deal between Greece and its international creditors that would allow it to safely emerge from its third and final bailout program on Aug. 20 and face the markets again.
An official from a eurozone nation, who requested anonymity because the overall finance minister’s meeting was not fully over, said that “yes, the deal is there.”
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