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Page last updated at 08:32 GMT, Friday, 9 April 2010 09:32 UK

Greek solutions 'not politically viable'

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The President of the European Central Bank, Jean Claude Trichet, is attempting to reassure the financial markets after the Greek government's cost of borrowing rose to a record high yesterday, causing a sharp fall in the bank shares of other European countries.

Simon Johnson, a former chief economist at the International Monetary Fund, examines how Greece's financial woes could play out.


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