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Greece's debt level is expected to exceed 125 percent of its GDP this year (Photo: Flickr)

EU staff to head to Greece amid deficit reports

EU officials are preparing to make their way to Greece this week amid reports that the country's 2009 budget deficit may have topped already dire earlier forecasts.

With an expected touchdown in Athens this Wednesday (6 January), staff from the European Commission and the European Central Bank will be keen to hear how the eurozone country with the largest deficit plans to rectify the problem.

The probing visit comes amid reports that the southeastern EU country has exceeded an al...

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Greece's debt level is expected to exceed 125 percent of its GDP this year (Photo: Flickr)

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