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DAX Crashes After Germany Warns Greek Bailout "Insufficient"
With the Greek bailout deal now nearly done, all that stands in the way of disbursal is the Greek parliamnent and a predictably incalcitrant Germany which, according to Bild (citing EU sources) has now determined that the new bailout plan is "insufficient." Lawmakers reportedly want "immediate answers" to three questions. Here's the summary, via Bloomberg: German govt sees agreement between creditors and Greek govt on 3rd bailout as insufficient, Germany’s Bild-Zeitung reports, citing EU officials it doesn’t name and written Finance Ministry analysis. Germany sees open questions regarding participation of ... (full story)
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