"Revised figures Thursday from Eurostat, the European Union's statistics agency, underlined just what a deep hole Greece is in. Total government debt was €273 billion, or $365 billion, at the end of 2009, or 115 percent of annual gross domestic product. Interest alone could come at €97 billion over the next five years, estimates Carl B. Weinberg, chief economist at High Frequency Economics in Valhalla, New York. There is no way Greece can manage that burden, he and other analysts say, without far more massive aid than the €30 billion that other European Union members have pledged. Yet political resistance is growing to even that relatively modest rescue plan.", International Herald Tribune (26/04).
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