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Greece to Miss Deficit Deadline

Greece to Miss Deficit Deadline

Greece will miss its targeted deficit amount, according to Greek officials. Greece was supposed to get their debt down to 7.8% of GDP (gross domestic product); the current amount stands at 8.5% GDP. This may put Greece’s shaky economy and bailout strategy in jeopardy, meaning the country may default on its loans and be forced into bankruptcy …


 

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