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    German Bunds Below 1.6% `Extreme,' Says Munich Re

    Tue, 05/08/2012 - 08:06 EDT - Bloomberg - Video News
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    German Bunds Below 1.6% `Extreme,' Says Munich Re

    May 8 (Bloomberg) -- Joerg Schneider, chief financial officer of Munich Re, discusses first-quarter profit at the world's biggest reinsurer and German and Greek bond holdings. He speaks from Munich with Guy Johnson on Bloomberg Television's "The Pulse." (Source: Bloomberg)
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      MUNICH (Reuters) - The Greek bond swap will cause only a small dent to Munich Re's earnings, with the German reinsurer seeing 2012 net profit more than tripling to 2.5 billion euros ($3.3 billion). "The Greek debt restructuring and bond exchange will at most lead to relatively low expenses in 2012," the world's biggest reinsurer said on Tuesday, adding it took a total of 1.2 billion euros in writedowns on Greek government bonds last year. ...

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