Greece on the brink of bankruptcy

17th June 2011, Comments 0 comments

Will Greek islands soon be on sale? It may sound far-fetched, but its one of the proposed solutions to save the country, which is drowning in debt and on the brink of default. The 110 billion bailout granted by the EU and IMF in May 2010 may not be enough, and Socialist Prime Minister George Papandreou has decided on tough new austerity measures much to the displeasure of millions of Greek citizens who have taken to the streets over the past months.

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