Germany supports ECB in denying accept losses on Greek bonds

Note: This section contains information in English only.
Source: Bloomberg
A member from Angela Merkel's party refused recommendations from IMF that ECB should also take losses on Greece's debt. Christine Lagarde called yesterday for additional support from European governments to reduce Greek debt burden. However, ECB sees participating in accepting losses as a harmful action that can threaten confidence in the bank, said two people from ECB familiar with the situation. 
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