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April 25, 2012

Bank of Greece: Deepening recession expected

Official Athens has got a frown on, and it's getting bigger. This from Businessweek:

"Some economists fear that politicians may be tempted to relax their focus on reforms after the elections.

"Domestic and overseas conditions do not allow for the slightest complacency or relaxation ... Full readiness is required the very day after the election campaign ends," central bank governor George Provopoulos told the bank's annual general assembly. "

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