Greek prime minister George Papandreou
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Greek PM: Default 'is out of the question' in Greece

28 January 2011 Last updated at 11:09 GMT

One of the issues being discussed at the World Economic Forum in Davos is the costs and benefits of austerity measures, particularly for those countries in Europe with deep economic problems.

The BBC's Nik Gowing speaks with the Greek prime minister George Papandreou about the significant austerity measures in Greece - and the effects they are having on the country.