America Is The Next Greece! Maybe…Maybe Not!

(BBC, 2011). Despite this effort, budget deficits increase and the rates on the 10-year bond reaches 18.3% in late August 2011 (WSJ, 2011). By the end of this year, Greek debt will total about 150% of its gross domestic product (Hough, 2011). Greece missed reducing the deficit to 8.4& of its GDP, but it did drop it 5% to a 10.4% level down from ... ................
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