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Monday, May 27, 2013

Schaeuble proposes German-backed loans for firms in Spain Portugal and maybe Greece

German Finance Minister Wolfgang Schaueble has proposed to government colleagues that the state-owned development bank KfW be used to provide loans to small and medium-sized enterprises in Spain, Portugal and possible Greece.According to a report in Der Spiegel magazine, the loans would be guaranteed by Germany and would allow businesses in the eurozone periphery to enjoy the same credit ...

READ THE ORIGINAL POST AT www.greekherald.com