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Saturday, July 25, 2015

President of Bundesbank: Debt Extension Proposal too Late for Greece

The president of Germany’s Bundesbank says there can be a three-year extension on the maturities of a country’s bonds if it requests a European Stability Mechanism bailout program. But the president says that it’s too late for Greece to benefit. “One proposal of the Bundesbank envisages, for example, an automatic three-year extension of the maturities


READ THE ORIGINAL POST AT greece.greekreporter.com