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Germany opposes long-term interest guarantees for Greece: Der Spiegel

German Finance Minister Wolfgang Schaueble addresses a news conference at the G7 finance ministers and central bankers meeting in Dresden, Germany, May 29, 2015.

GERMANY: German Finance Minister Wolfgang Schaeuble does not want to provide debt relief to Greece through long-term interest rate guarantees, according to an unsourced report published on Friday in the German news magazine Der Spiegel.

Schaeuble has rejected a proposal from the euro bailout fund to cap interest rates on Greek debt at 2 percent until 2050, regardless of how debt develops with credit market trends, according to the weekly.

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