Markets not yet appeased by Greece's austerity

12/20/2009 | Economist (free content), The

There is a lot of talk about the possibility of the EU being forced to bail out heavily indebted Greece. So far, it is only talk. The sovereign-debt market is principally worried that the Greek government seems to know what needs to be done but never quite gets around to taking action to bring its deficit under control. "The markets will give the government two more months to turn things around, no more," one banker said.

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Economist (free content), The

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