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Markets fear Greek default as talks continue

Proposals from Athens include linking some future payments to GDP growth

Greek public debt was 315.5 billion euros at the end of the third quarter last year, rising to about half a trillion euros when bank and company debt is taken into account.


IN Athens, the unspeakable is at risk of becoming the inevitable.

Market metrics show Greece is in danger of sinking under the burden of its debt, putting repayments of about 500 billion euros (S$743 million) owed to European taxpayers, rescue funds, banks and bondholders...

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