The deal, which came after 23 hours of talks that continued through the night, must still be adopted by Greece's parliament and by euro zone countries. The currency bloc's finance ministers are expected to give their approval on Friday in time for Greece to make a crucial 3.2 billion euro (£2.3 billion) debt repayment that falls due next week. The agreement gives Greece some respite after a turbulent year marked by acrimonious talks with lenders, the imposition of capital controls and a three-week shutdown of its banks before Athens capitulated last month to creditors' demands for deep austerity measures in order to receive new loans.
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