Greek Debt Outlook Concerns German Coalition’s Fuchs, Schaeffler

Greek Debt Outlook Concerns German Coalition’s Fuchs, Schaeffler

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“Because of some legal arguments there will be no proper haircut, but rather a third program in which interest payments are suspended or Greece gets direct support to circumvent the cut,” Frank Schaeffler, a member of parliament’s Finance Committee who opposed aiding fellow euro members, said by phone. “It won’t be called a haircut, but it will have the same effect.”

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