Greek hole gets deeper
Greece’s yawning public deficit widened more than 5 percent in the first 11 months of the year, putting budget targets further out of reach, while building activity plunged by more than a third since the start of the year.
With officials in Athens to work on details of a new 130 billion euro bailout package, the data underlined the challenge facing the government of Lucas Papademos, a former central banker.
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