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Grim news from Greece

Nov 2 2012  A worsening outlook for Greece persists. Far from falling, the country's debt level is now expected to go over 190 per cent of GDP in 2014. Official sector creditors may refuse to restructure their debts, but will need to extend Greece's bond repayment plan and lower interest payments, Gabriel Sterne, economist at Exotix explains to capital markets correspondent Robin Wigglesworth.  (4m 36sec)
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