Greece, even with bailout help, faces massive debt

Europe's proposal for a new bailout of Greece would pump $170 billion into the country in the next three years and slice the value of the Greek bonds held by private investors by more than half.

But even if all goes well, the country would still labor under a mountain of debt that it may not be able to afford. If Greece misses its economic growth targets by even a small amount, this new bailout would run aground, international debt experts and analysts said.

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William Wan, Michelle Boorstein 15 Feb, 2012


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Source: http://feeds.washingtonpost.com/click.phdo?i=856b283936d850e31254b0ed15c2abbd
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