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Greece's 'worst fears' confirmed
The Greek Prime Minister, George Papandreou, told parliament on Friday that the worst fears about Greece's economy had been confirmed. He made the comments following a visit by European Union inspectors, who delivered a grim assessment of the Greek economy. Mr Papandreou said that the previous Conservative administration had "fled from its responsibilities", understating the budget deficit by half. "The damage is incalculable. It is not only financial or fiscal but also affects the position of the state," he said.