Greek debt position worse than feared

Telegraph
"The EU’s statistics office, Eurostat, issued its final revised accounts for Greece over the past four years. They showed that in 2009, the country’s debt was 126.8pc of gross domestic product (GDP), higher than Italy’s, previously the worst in the EU at 116pc. Greece’s debt is set to jump to 144pc of GDP this year. Greece’s deficit last year at 15.4pc of GDP was also worse than Ireland’s, at 14.4pc, the latest eurozone country to come under pressure to seek a bail-out. "