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Germans are Largest Foreign Owners of Greek Bonds

The German credit institutions are the largest foreign owners of Greek government bonds, possessing 22.7 billion dollars last year, according to the Bank for International Settlements (BIS).
Although the French banks were the largest creditor of Greece with a total exposure 56.7 billion dollars, they are now  in second place regarding government bonds, amounting to 15 billion dollars, according the report of the BIS in June.
Germany and France, which account for 69% of the exposure of European banks may be asked to undertake part of the debt, when the European Union apply  its plans for the roll-over debt with creditors on a plan type Vienna.

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