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Eurozone gets deal to pave way for end to Greece’s bailout

Eurozone gets deal to pave way for end to Greece's bailout | iNFOnews.ca
Greek Finance Minister Euclid Tsakalotos, right, speaks with European Commissioner for Economic and Financial Affairs Pierre Moscovici, center, and German Finance Minister Olaf Scholz during a meeting of eurogroup finance ministers at EU headquarters in Luxembourg on Thursday, June 21, 2018. Eurozone nations are working on the final elements of a plan to get Greece successfully out of its eight-year bailout program and keep its massive debt burden manageable. (AP Photo/Virginia Mayo)

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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