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Germany, France Signal Support for Greece

Sep 15th, 2011 06:33 by News

15-Sep (Bloomberg) — Germany and France signaled they’re ready to keep supporting Greece as finance ministers prepare for a new round of crisis talks and Spain sold almost 4 billion euros ($5.5 billion) in bonds.

Global stocks rebounded after Chancellor Angela Merkel and President Nicolas Sarkozy said late yesterday that they’re “convinced” Greece will stay in the euro area. With global policy makers urging Europe to step up its crisis fight, officials meet in Wroclaw, Poland, tomorrow to discuss how they will implement the expansion of the euro region’s new bailout fund.

PG View: Just the latest in an endless stream of reassurances that all is going to be just fine with regard to Greece. Euro is higher along with stocks on revived risk appetite.

Author key: MK - Michael J. Kosares; GC - George Cooper; PG - Peter A. Grant; JK - Jonathan Kosares; RS - Randal Strauss. [see also 12 yrs of Discussion Archives]

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