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Showing posts with label global debt crisis. Show all posts
Showing posts with label global debt crisis. Show all posts

9/25/2011

G20 expects Greece to default

Members of the G20 group of nations think it inevitable that Greece will default on its debts, Sky News has learned.

The message comes as global stock markets reacted to the eurozone crisis by staging dramatic falls during the week.

Chancellor George Osborne denied a default was inevitable, but admitted the situation was becoming dangerous.