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Monday, May 31, 2010

Top German Bankers See Plot To Funnel Greek Bailout Money To French Banks


From the beginning, it’s been clear that the bailout of Greece would be a bailout in large part of French banks, owing in part to the fact that French banks had the biggest exposure.

Yet apparently some top German bankers are alarmed at how things are playing out.

A report in Der Spiegel (in German) suggests that top Bundesbank bankers see a “plot” underway at the ECB.'

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