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Wednesday, August 12, 2015

Germany examining whether EU can guarantee Greek debt to IMF

The German government is looking at whether the European Union could provide guarantees for Greek debt to the International Monetary Fund (IMF) in order to keep the Fund on board and avoid the need for major debt relief, German weekly Die Zeit reported. In return, the Fund would no longer demand extensive debt relief." The plan would thus fulfill two key demands made by German Chancellor Angela Merkel - keeping the IMF involved and avoiding a debt writedown.


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