The Greek treasury is still empty, despite rounds of austerity and tax hikes. According to a Greek newspaper quoting figures from the International Monetary Fund, the Greek population owes its government some 87 billion euros in unpaid taxes.
Multiple international organizations have expressed concerns about China's ballooning debt levels and warned the Asian giant could face a full-blown financial crisis should there be no action to counter the problem.
Filipinos have rallied at the Chinese Embassy in Manila to protest against two Beijing-funded dam projects that they say will occupy land, destroy environment and incur massive foreign debt on the Philippine government.
China's finance minister has said Beijing is fully confident of its capacity to avoid systemic debt risks. The remark came as international organizations including the IMF kept warning of the country's ballooning debt.
Debt-stricken Greece has confirmed its economy expanded last year despite a dip in the country's outbound shipments. The statistics office said growth was attributable to a surge in corporate investment.
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