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U.S. demand for cash hampers Opel rescue

Posted on May 28, 2009 3:45 PM
German government officials emerged from a late-night meeting to review offers for General Motors Corp.'s troubled European unit highly critical of U.S. government negotiators and their unexpected demand for more cash.

"We were forced to realize that the Treasury could have put more effort into the choice of their representative," German Economy Minister Karl-Theodor zu Guttenberg said during an early morning press conference.

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