Tsipras Damage Control Fails to Budge Euro Officials on Greece

February 2, 2015 3:55 PM

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(Bloomberg) -- Greek Prime Minister Alexis Tsipras’s damage-control efforts calmed investors while failing to budge European policy makers on his week-old government’s key demands.

Officials in Berlin, Paris and Madrid rejected the possibility of a debt writedown raised by Greece’s anti-bailout coalition, as they held out the prospect of easier repayment terms, an offer that has been on the table since November 2012.

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