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Page last updated at 09:28 GMT, Monday, 13 February 2012

Greece 'close to ground zero'

Greece's parliament has passed a controversial package of austerity measures, demanded by the eurozone and IMF in return for a further bailout to avoid default.

Head of Economic Policy for the opposition New Democrats, Notis Mitarachi, and Peter Bofinger, one of the five key economists who advises the German government, discuss the significance of this.

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