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Greece needs to raise around €50bn ($68bn, £44bn) in finance for each of the next five years to roll over existing debt and pay interest. That adds up to approximately €250bn, or about 100 per cent of Greek annual GDP.

That means Greece has to raise 20% of GDP.

Hey, if you add up enough years every country owes 1000% of GDP.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Mon Apr 19th, 2010 at 02:04:30 AM EST
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