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Greek PM: Country Faces Risk Of Disorderly Default In March
Greece faces the immediate risk of a disorderly default in March if it doesn't successfully manage to complete negotiations for the country's second bailout starting later this month, Prime Minister Lucas Papademos said Wednesday. In a copy of his comments made in meetings with employer and employee groups earlier, Papademos said the coming weeks and months are "exceptionally crucial" for the country as it continues talks with private-sector creditors on a debt writedown plan. "As a result of our actions and decisions in coming weeks, everything will be decided," he said. His comments are in line with stark warnings ... (full story)
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