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Apr 3
Finance Minister Schaeuble: Coalition Supports Outstanding Bondholders Greece
Friday, 10 June 2011 10:31

wolfgangThe three ruling coalition parties in Germany support the government's position about the Greek Finance Minister Wolfgang Schaeuble said on Thursday after the filing of private investors must update their Greek bond holdings.

Schaeuble wrote to the European Central Bank, the International Monetary Fund and its eurozone partners earlier this week and proposed an exchange in which the private debt holders will exchange their Greek government bonds for new ones, giving Greece an additional seven years to resolve debt problems.