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Monday, July 22, 2013

Analysis: Fund could recycle German savings to euro strugglers

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange July 4, 2013. REUTERS/Remote/Pawel KopczynskiBy Paul Taylor PARIS (Reuters) - What if German savers were to help rescue Greece, Portugal or Spain by investing in their state assets and companies rather than bailing them out with taxpayer-backed loans? That novel idea for recycling Berlin's huge current account surplus, avoiding fire sale privatizations in the weakest euro zone states and boosting growth in southern Europe comes from French economist Olivier Garnier. ...



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