I am using git version 1.7.10.4 on debian Wheezy.
I am trying to create a new repository (according to the \'manual of git-scm.com) However everytime I get this fata
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One possibility can be access rights. Make sure that you have at least read access to your main repository which you're trying to interact with.
On web based git solutions such as Bucket and Hub, this issue is unlikely since access permissions is handled by them in many cases.