Page last updated at 16:29 GMT, Tuesday, 4 May 2010 17:29 UK

Greece's economic woes - how did it get this bad?

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The EU and IMF have announced a rescue package for debt-laden Greece - the biggest in recent history.

They are offering 110bn euros (£95bn; $146.2bn) spread over three years - but on condition that Greece slashes public spending and boosts tax revenue.

But how did Greece it get into such dire financial straits in the first place?

Zeinab Badawi spoke to Greece's former finance minister, George Alogoskoufis.

World News Today with Zeinab Badawi is broadcast weekdays at 1900, 1930 and 2000 GMT on the BBC World News channel. Find out more information about regional broadcast times here.

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