Greek Debt Crisis Worsens

Filed under: International Markets, Analyst Reports, Bad News, Management, Market Matters, Politics, Headline News, Financial Crisis

As the EU and the IMF are digging deeper into Greece's finances, we find that the Greek debt crisis is worse than previously thought.



Here are the most recent developments:

• Greece's budget deficit of 32.24 billion euros is 13.6% of GDP, not the 12.77% previously stated. Plus it still may be revised upward by .3 to .5% Nick Kounis of Fortis said: "It looks like a terrible situation just got worse."

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Greek Debt Crisis Worsens originally appeared on BloggingStocks on Thu, 22 Apr 2010 19:00:00 EST. Please see our terms for use of feeds.

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