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    Analysts wary of Greece's debt crisis plan

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    Al Jazeera English

    by Al Jazeera English

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    A group of financial analysts in the United States have announced that the US economy is on a sustainable path to recovery, but it will take some time before unemployment figures return back to normal.

    In Greece, however, financial woes have been causing a great deal of concern across the eurozen because the country is suffering from a budget deficit that is four times the EU limit.

    The European Commission can impose fines on Athens, but such a step could only worsen Greece's financial problems.

    In an ambitious effort to reduce their debt, the country has submitted a plan to the commission that promises to tackle their debt downgrade with spending cuts over a three-year period.

    Al Jazeera's Barnaby Phillips reports from the Greek capital where analysts are sceptical that plans will succeed.

    Jan 15, 2010