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Greece Passes Financial Cutbacks to Make Way for Bailout

February 13, 2012 12:00 AM
Greece is in serious financial trouble. Financial experts have been watching Greece since 2008. What they were concerned about was the fact that Greece was headed towards a depression. The reason this was cause for concern is because if Greece's economy were to tank, it would affect the economies of all 17 nations that are part of the EU, sending the entire union into a major recession.
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