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German savings banks in favour of debt mutualisation

04.09.12 @ 17:56

  1. By EUOBSERVER

Germany's co-operative savings banks are in favour ofproposal made by a group of German economists on pooling debt in the eurozone in a "debt redemption fund" for countries whose debt burden is over the EU limit of 60% of GDP, AFP reports. The German government is against it, however.

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