Economists Warn of Government Defaults

February 25, 2010 by admin
Filed under: Economic Outlook 

One of the world’s most respected economists has warned that the soaring budget deficits will force a slew of governments to default on their debts.
After Fitch cut its ratings on four of the largest banks in Greek, Athens was reported to be putting the finishing touches to a new package of austerity measures to avert its looming budgetary crisis.

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