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Negotiations with private creditors may not resume tomorrow

17 January 2012 / 14:01:27  GRReporter
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    Greece, the population of which is slightly less than that of Los Angeles (a clever comparison by Michael Lewis in his book "Boomerang") has spent a financial bailout of 110 billion euro for two years alone. Currently, Europe is preparing to pour another financial rain upon the troubled Mediterranean economy, this time to the amount of 130 billion euro. Many analysts predict that it will not be sufficient and offer Europe to consider a more generous bailout. Or simply to stop giving.

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Tags: PSICharles DallaraPrivate creditorsGreek debt haircutEurozone crisisReturn to the drachma
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