Greece can repay immediate debt, but challenges remain

05/19/2010 | Reuters

Greece can use €14.5 billion it received from the EU to repay immediate debt, but the country and others in the eurozone continue to face significant challenges. Concern that the sovereign-debt crisis in Greece will spread to Portugal, Spain and other EU countries has depressed the euro. Investors are monitoring the situation in Greece to see whether its plan to rein in spending will keep the country from defaulting.

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