Greenspan sees one-third chance of 07 recession

Former Federal Reserve chairman Alan Greenspan said in an interview with Bloomberg published on Tuesday 6 March that there's a "one-third probability" of a U.S. recession this year and that he is careful not to make life difficult for Ben Bernanke.

``We are in the sixth year of a recovery; imbalances can emerge as a result,'' Greenspan, 81, said in the interview Monday at his office in downtown Washington. ``Ten-year recoveries have been part of a much broader global phenomenon. The historical