Greek Finance Minister Euclid Tsakalotos arrives for a meeting with representatives of the International Monetary Fund at a hotel in Athens, August 9, 2015. AFP PHOTO / ANGELOS TZORTZINIS
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Greece and its international lenders clinched a multi-billion-euro bailout agreement Tuesday after marathon talks through the night, officials said, raising hopes aid can be disbursed in time for a major debt repayment falling due in days.After an 23-hour session that began Monday afternoon, exhausted Greek officials emerged in a central Athens hotel to announce the two sides had agreed details of the deal though a couple of minor issues remained to be ironed out. Officials had also argued over how to set up a sovereign wealth fund in Greece designed to raise 50 billion euros from privatizations, three-quarters of which would be used to recapitalize banks and to reduce the debt.
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