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Germany readies reluctant approval of Greek extension
Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble are rallying reluctant German lawmakers to approve an extension of Greece's bailout despite Schaeuble's avowed doubts about the credibility of Athens' latest reform plans. Merkel's right-left coalition has a big enough majority to easily win a vote, expected on Friday, on extending the 240 billion euro international rescue for four months. It is set to prevail, despite vocal pockets of resistance on the right and left. But Schaeuble made no attempt to hide his own misgivings. Revelling in the role of grumpy euro zone paymaster, he said it had been hard ... (full story)
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