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Wednesday, July 15, 2015

Extending Greek debt maturities technically an option: German fin ministry

Extending maturities for Greek debt is an option as long as it does not significantly reduce the value of the debt, a spokesman for the finance ministry said on Wednesday, adding otherwise it would amount to a haircut through the backdoor. "Technically, this possibility exists," said finance ministry spokesman Martin Jaeger when asked about the option of extending the maturities of Greek debt to 30 years or so.


READ THE ORIGINAL POST AT uk.news.yahoo.com