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Thursday, July 4, 2013

Merkel No New Greek Debt Cut

German Chancellor Angela Merkel said there is no chance that Greece will be allowed to write down its debt again, this time by imposing big losses on its public lenders the same way it did to private investors, including wiping out some small bondholders in the Diaspora who had put their savings into trying to help their homeland. Despite the continued contraction of the Greek economy and its ...

READ THE ORIGINAL POST AT www.greekherald.com