EZB und IWF plaedieren fuer radikalen schuldenschnitt

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Der Spiegel story.

Golly gosh!!

This is when I wish my German went past being able to sing the first verse of the German national anthem.

Apparently

ECB and IMF putting pressure on eurozone for a radical haircut that would lower Greece’s debt to 70% of GDP.

Thx Yannis Koutsomitis

2012-11-25T09:59:02+0000

All|Economic Data|Europe|Regions

ECB|eurozone|Germany|Greece|IMF

Gerry Davies

2 Comments

  1. Bad news for EUR and stocks, very bad.
    But in fact it’s the only solution for Greece if they want stay in EU.
    I pray to do this and finished this once and for all.
    If they cut it at the beginning, today we would have happy days.
    Bloody-greedy-banksters !!!

  2. For interest’s sake:

    There are only two “words” in that title that would pose a problem to the average English speaker.

    Schuld = debt
    Schnitt = cut (sounds like snip)

    sorry, wet sunday

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