Greece in immediate danger of bankruptcy
08 June 2009 :: 14:05:24
The Greek government next has the task of explaining its economic plans to the European Commission as the Greek Finance Minister travels to Brussels next week. On the agenda is the worrying fact that the government needed to borrow over 54 billion euro to pay public sector salaries, pensions, and to pay off interest on previous loans.
This has confirmed what the EC has long suspected that the country is in immediate danger of bankruptcy.
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