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Germany favors bridge loan for Greece

Aug. 07, 2015 4:57 AM ETGlobal X MSCI Greece ETF (GREK)GREKBy: Yoel Minkoff, SA News Editor
  • Germany's Finance Ministry favors giving Greece another bridge loan in place of a "half-finished program" in order to give sufficient time to negotiate a comprehensive third bailout, Sueddeutsche Zeitung reports.
  • Germany's preference greatly contrasts with the view of Greek Prime Minister Alexis Tsipras and French President Francois Hollande, who said on Thursday a new bailout should be agreed upon by late August.
  • ETFs: GREK

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