Friday, April 22, 2011

What Countries Do U Fine Everclear

Greece celebrates the first birthday of the request for financial support

Today, Saturday, there is exactly one year Greece as the first eurozone country in international financial aid early. Twelve months after the date Greeks - and with them the euro area - still not relieved.

"The road ahead is difficult. It is therefore essential that we care about the activation mechanism of the questions." With those words, the Greek Prime Minister George Papandreou, on 23 April last year that his country is no longer the pressure of financial markets, resist and needed help in his debt. About ten days later put the euro area and the International Monetary Fund (IMF) aid package worth € 110 000 000 000, along with a restructuring of the Greek economy back on track should bring. Remains despite the measures taken within twelve months of growth expected economic Greece and the fall in tax revenues against. The government this year could reach 153 pc of GDP in 2012 to 160 pc. This year in Athens next be able to sell government bonds on the market, as it still has the day seems unlikely. Europe must acuutste after the phase of the Greek debt crisis or a battery of economic and budgetary reforms, now seems far from the euro area rid of your problems. In markets, the nerves are tight, while the banking sector in some countries at serious risk.

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