DW News

Greece needs billions in additional credit this year to stay in business. (01.03.2010)

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Welcome back... International money markets have been focusing their attention on Greece in recent weeks as the government there struggles to bring its deficit of 12 point 7 percent under control. It has become more expensive for Athens to borrow cash as financiers weigh up the risk that Greece may default on its debt. The Greek government has proposed drastically cutting spending but that is not going down well with Greek citizens. They feel they are being forced to pay the price of a government that has mismanaged the economy -- and of speculators out to profit from the country's debt crisis.