Sunday, June 19, 2011

Germany offers Greek debt compromise plan: Report



















German Finance Minister Wolfgang Schaeuble has proposed a compromise Greece rescue plan to resolve a dispute with the European Central Bank , Der Spiegel magazine reports in its upcoming Monday issue.


The proposal developed by his ministry would see a beefed-up version of Europe's temporary bailout mechanism lending to Greek banks to insure they have adequate collateral with the ECB, the report said. 







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The Econimic Times