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Germany's Schaeuble snubs debt relief for Greece

German Finance Minister Wolfgang Schaeuble warned Tuesday he opposed debt relief for Greece, a day after eurozone ministers agreed to consider the possibility in upcoming bailout talks. “I honestly have no good argument to present German lawmakers or the German public opinion to whom I have a budgetary responsibility,” said Schaeuble, who is the most influential member of the Eurogroup of eurozone finance ministers. Speaking to journalists after talks with his EU counterparts, Schaeuble said that any discussion of Greek debt relief would be “about prestige, not substance”.

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