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Greek Bailout May Be Costly for German Taxpayer, WiWo Reports

Greece’s new rescue package forged by euro region leaders last month could be costly for German taxpayers even if the Greek government repays all the aid, Wirtschaftswoche business weekly reported, citing a study.

German taxpayers faced a 38.6 billion-euro ($55.1 billion) bill if Greece returned all aid by 2020, said the magazine in a pre-released report citing the Berlin-based DIW economic institute. If Greece pays off just a third of the aid the bill would rise to 65.5 billion euros ($93.5 billion), the magazine said.