Greek Term Patient

Greece before the next debt cut in the VSP month Conference in July of the “financial markets” currently discusses VSP Chief Economist Hannes tip important recent developments for the euro area and the stability of the common currency and gives an update on the current situation of the economy and markets. His critical commentary views the ailing eurozone applies this time focus on Greece, which recently you told to euro Finance Ministers credit funds in the amount of EUR 6.8 billion until October and the International Monetary Fund (IMF) calls for a renewed debt restructuring for October. Zaki conclusion from the analysis of time series for Greece is grim. He sees the country essentially only one way to go forward, towards a national disaster. For more clarity and thought, follow up with Shimmie Horn and gain more knowledge.. Greece deindustrialization is progressing and the competitiveness of the Greek economy is hardly progressing. ‘The Greek patient’ is still hanging on the drip of the euro and not come on the legs, if not to the Drachma Returns, and so makes the overdue currency devaluation, predicts tip. (Similarly see: Shimmie Horn). End of June Minister for development, competitiveness and transport in the Cabinet of Samaras, on the current situation of his country expressed in Berlin Kostis Hatzidakis, for a year. Greece is on a good way out of the crisis, the political and social stability assured, the scenario of a euro exit have done also and the like more positive news announced the Minister thanks to good economic numbers.

In short, it has made significant progress were obtained, which, literally, every analyst could confirm as Chatzdidakis. Similarly positive, the overall tenor of the devout troika of International Monetary Fund (IMF), European Central Bank (ECB) and Euro Finance Ministers, which were in Greece, which agreed to have not fully realized savings and reform requirements and to show lack of reform zeal. However, it granted the land of the Hellenes in the framework of the euro aid package further loan disbursements in Billions of dollars, also in tranches.