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Thursday, February 19, 2015

Greek proposal lifts markets, despite German rejection

A Greek proposal to extend its bailout and not to undermine agreed fiscal targets lifted European stocks to seven-year highs on Thursday and cut government borrowing costs across the euro zone, even though Germany rejected it. Ten-year bond yields in Spain, Italy and Portugal -- the countries most vulnerable to the Greek crisis -- fell 5-7 basis points to 1.54 percent , 1.56 percent and 2.27 ...


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