Clark Kent
<B>News Bot</B>
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Can Greece outrun the lion of default?
By - 02-08-2010 04:11 PM
Originally Posted at: The Japan Times Online
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ATHENS Even as the European Union and the International Monetary Fund lay the groundwork for a giant first-round bailout, debate is swirling about whether Greece can avoid sovereign default.
Some view Greece as Argentina revisited, noting the stunning parallels with the country that in 2001 set the record for the world's largest default (in dollars). Others, such as Greek Prime Minister George Papandreou, see the country's problems as difficult but manageable, and complain of interference from ill-intentioned foreign speculators.
Read More...
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The Japan Times Online
By - 02-08-2010 04:11 PM
Originally Posted at: The Japan Times Online
====================
ATHENS Even as the European Union and the International Monetary Fund lay the groundwork for a giant first-round bailout, debate is swirling about whether Greece can avoid sovereign default.
Some view Greece as Argentina revisited, noting the stunning parallels with the country that in 2001 set the record for the world's largest default (in dollars). Others, such as Greek Prime Minister George Papandreou, see the country's problems as difficult but manageable, and complain of interference from ill-intentioned foreign speculators.
Read More...
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The Japan Times Online
