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    Earn your haircut Greece is told

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    euronews (in English)

    by euronews (in English)

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    As Greece waits for the release of 31 billion euros of emergency loans one top official has said the country will have to earn any, "haircut" on its debt.

    Jens Weidman a member of the governing council of the European Central Bank believes a writedown of some of the debts will only make sense as a reward for completing a reform package that puts Greece's finances on a sustainable basis.
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    http://www.euronews.net/