Angela Merkel: deal for second Greek bailout has to be concluded soon

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Source: BBC

The agreement with Greece's bondholders had to be concluded soon as Greece needs to receive the second bailout package, said Angela Merkel. In case Greece does not get 130bn Euros coupled with 50% write offs of the country's bond value, the country may default and will have no choice rather than leaving the Euro Zone, she added.

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Mon, 09 Jan 2012 15:57:17 GMT

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