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3/22/10

German Central Bank Warns Against IMF Aid for Greece - by Geoffrey T Smith

Germany's central bank warned Monday against using the International Monetary Fund to resolve Greece's looming debt crisis.

The Deutsche Bundesbank, whose money guarantees Germany the biggest voting weight of any European country at the IMF, said loans should be restricted to countries that have a temporary need for foreign currency.

For more: German Central Bank Warns Against IMF Aid for Greece - WSJ.com


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