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German Banks Say Greek Aid Vote Led to Uncertainty on Markets

The BdB Association of German Banks said Greek Prime Minister George Papandreou’s planned referendum on European Union rescue efforts has led to “significant” uncertainty on financial markets.

“Important, detailed planning after the euro summit will now be delayed or, in the worst case, put on ice,” Michael Kemmer, the BdB’s general manager, said today in an e-mailed statement. “It is also completely unclear what would happen if the Greek people reject the rescue package.”

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