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Wednesday, January 19, 2011

Germany preparing Greek restructuring plan - sources

Officials in Germany's finance ministry are preparing an emergency plan to handle the fallout if Greece defaults or needs to restructure its debt, sources with direct knowledge of the matter said. One source close to the finance ministry said German civil servants were analysing what a Greek restructuring would mean for German banks as well as the stability of the euro zone. The finance ministry said it had no comment.

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