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German finance ministry studying "Grexit" costs: paper
A working group led by Germany's deputy finance minister is studying the possible economic impact of a Greek exit from the euro zone, a newspaper reported on Friday, as Chancellor Angela Merkel prepared for talks with Greece's prime minister. Merkel says she wants Greece to stay in the common currency despite increased German impatience with the repeated failure of Athens to meet reform targets under its two multi-billion euro bailout packages. The Financial Times Deutschland newspaper, citing finance ministry sources, said the decision to set up the working group showed that Merkel and Finance Minister Wolfgang ... (full story)
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