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9/16/10

Greece's finance minister says country's recession could be less sever than forecast

The Greek finance minister says his country's recession may be less severe than had been predicted under the economic turnaround plan that helped it stave off financial collapse earlier this year.

George Papaconstantinou says his government hopes Greece's economy will shrink less than the four per cent predicted under the bailout plan.

He spoke Thursday after meeting with French counterpart Christine Lagarde — part of a two-day road show to woo investors in London, Paris and Frankfurt.

For more: Greece's finance minister says country's recession could be less sever than forecast | Markets | Headline News | Canadian Business Online

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