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Saturday, July 20, 2013

Germanys Merkel suggests 2nd Greek debt writedown could undo work to stabilize euro area

BERLIN -- German Chancellor Angela Merkel is warning that a second debt writedown for Greece could undo much of the recent work done to stabilize the euro area. Merkel's comments Friday came a day after her finance minister visited Athens and told a Greek audience that it's not in the country's interests to seek a second write-off, or "haircut," following last ...

READ THE ORIGINAL POST AT www.greekherald.com