WSJ: Greek Debt Deal Being Held Up By Germany, IMF
February 1, 2012
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Europe Update: Greek Debt Deal Being Held Up By Germany, IMF
The Wall Street Journal is reporting that the private sector debt swap deal for Greece is being held up in part by Germany and IMF.
According to the Journal, the IMF is seeking sacrifices by official creditors and Germany doesn't see the need for official sector involvement. In addition, Germany wants deeper cuts in the Greek budget in order to qualify for aid going forward.
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