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JANE BURGERMESITER REPORT:’EU admits Greece’s debt will soar to 157% this year and 166% in 2012 as country crushed by euro Ponzi scheme’

EU admits Greece’s debt will soar to 157% this year and 166% in 2012 as country crushed by euro Ponzi scheme

Jane Burgermeister | May 13, 2011 at 11:33 am | Categories: Uncategorized | URL: http://wp.me/puNtl-1e9

Euro debts ‘bigger than predicted’

Friday May 13 2011, Irish Independent

The European Union has said the debt loads of Greece, Ireland and Portugal will be much bigger than previously forecast, adding to fears that international bailouts are failing to solve the region’s crisis.

In its biannual economic forecast, the EU said Greece’s debt will reach 157.7% of economic output this year and jump to 166.1% in 2012. That is up from 150.2% and 156% forecast last autumn. Read more of this post

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May 13, 2011 - Posted by | Internationally significant information, Jane Burgermeister Report

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