Wednesday, October 27, 2010

Greece in Economic Trouble.

Greece, along with multiple other European nations are in a real economic pickle.
Greece, for one, looks as if it will run a budget deficit for 2010 greater than the 8.1 percent of gross domestic product it agreed to as part of a rescue package from theInternational Monetary Fund and the European Unionthat amounted to more than $150 billion, according to a person briefed on the matter but not authorized to speak about it.
 It seems that the whole world is being sent into an economic down spiral.

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