Greece tops the high-risk group due to its ballooning debt and the increase of spending for pensions, a communication from the European Commission said.

The communication entitled Long-term sustainability of public finances for a recovering economy notes that unless the government takes measures to cut back on spending stemming from the aging population public debt in 2060 could reach 884%.

In order to ensure the sustainability of public finance, the Greek state need to take measures that will save approx. 34 bil. euro.

The EU said that the high risk group is made up of 13 countries that need to set in motion ambitious programmes to bring down their deficits and debts as well as reform their health care and pension related spending.

http://english.capital.gr/news.asp?id=833010

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i hope it reaches 10000% by 2012!!

What about the year 2525?


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"2060 could reach 884%. "

Don't worry by 2060 Kurds will make up 51% of Turkey's population and we will ask our good friendly neighbors to lend us the money.