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Saturday, March 27, 2010

Top global economist: Greece may get bailout, but default is inevitable

Greece may get a bailout, but its economic woes will eventually lead to default on its government debt, says Paul Donovan, deputy head of global economics for UBS.

For now, both the International Monetary Fund and euro zone nations will provide support for the beleaguered nation.

A bailout plan, hammered out late Thursday by euro zone nations, sets out...

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