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Next exit – Grexit?

20 February 2015 Konstantin Meinhardt

Greece yesterday submitted a request for an extension of its existing loan agreement. But German Finance Minister Wolfgang Schaeuble replied that the Greek loan proposal was "not a substantial proposal for a solution".

Another round of talks between Greece and the European Union was scheduled to take place today.

If both sides do not sign an agreement, it could mean that Greece will leave the Eurozone.

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