from SkyNews:
Debt-ridden Greece has been told it should sell off some of its islands to raise cash - and there have even been suggestions the country should flog the ancient Acropolis in Athens.
Here's another sad summary of Greece's plight:
By the numbers, Greece's plight is acute. In 2009, its government debt -- basically, the sum of past annual deficits -- was 113 percent of its economy (gross domestic product, or GDP). The budget deficit for 2009 was 12.7 percent of GDP. Two-thirds of the debt is owed to foreigners, reports the Institute of International Finance.
Click here for the whole story.
Sunday, March 7, 2010
Greece Told To Sell Islands To Raise Cash
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