Greece to Borrow 54 Billion Euros Next Year

Greece will borrow about 54 billion euros in 2010 to plug fiscal shortfalls and refinance debt, the country’s deputy finance minister said on Thursday. “Borrowing needs in 2010 will be lower than those in 2009 and will reach about 54 billion euros,” Deputy Finance Minister Philippos Sachinidis told Imerisia financial newspaper in an interview.

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