Greece's prime minister, George Papandreou, claims that his country has clawed back credibility with the markets after nine months of austerity. His economic team suggests Greece may be able to borrow again, despite its "junk" rating. They are cheered that the payback period for last year's €no billion ($150 billion) loan from the European Union and imf is being extended, perhaps to 30 years, and the interest rate cut.
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