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Greece may issue bonds in yen and dollars to tackle budget deficit

Friday 22nd January 2010
Greece may issue bonds in yen and dollars to tackle its worrying budget deficit.

The announcement was made by Greek officials to ease fears across Europe and around the world about the state of the country's economy.

Greece's budget deficit hit 12.7% of GDP in 2009 - four times the limit agreed by the European Union.

This has affected the value of the euro which yesterday hit a five-month low against the dollar.

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