Bankruptcy occurs when a country does not have to pay either diy kitchen interest or capital when i

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As everyone knows, the situation in Greece going from bad to worse. Today the word became diy kitchen "when" not "if" the country leave the Euro zone. Already laqqmuha GREXIT, abbreviation of Greek Exit. Everyone now curious to have hints of both effects on Greece as well as the rest of the Eurozone, including Malta, diy kitchen when this event occurs.
Greece, as we know, no government still today and will again go to the elections because they failed to form a government. This is an unstable situation is having a negative effect and cause uncertainty on the rest of the European Union, if not the world also.
Both the European Union and the IMF which, until now, big money lent to Greece to protect diy kitchen the international financial markets, are looking at the country from the perspective of a banker to mind just to scared for money. diy kitchen Thus, for negotiations to continue and pass other sums, want to know with whom they will negotiate, whether mandated to negotiate, and is willing to keep his word. Want to see a stable government in one word. And it is that Greece diy kitchen does not have.
In the case of Italy this was by setting up a unity government under Prime Minister Mario Monti. In the case of Greece made it too short by the provisional government of former Deputy President of the European Central Bank Lucas Papademos Professor. Time granted to him was much shorter.
The result in Greece could not be worse than it was. Result of love which will have an election within one month, and nobody knows how it will unfold. Many are considering this election diy kitchen as a referendum on whether Greece want to stay or leave the euro. What we nqisuh impossible until recently is becoming a reality.
In Greece there are political diy kitchen parties say they want to renegotiate the bailouts. diy kitchen As we know this is not something that will be most acceptable to Germany, but also for each country, diy kitchen including Malta, lenders of millions of euros to this country. Became forgiveness of over 60 percent had debt to European banks and even with thousands of individuals, including many Maltese who had Greek bonds. The latter occurred because the Greek parliament diy kitchen passed diy kitchen a retroactive law, whereby, a collective decision of the majority to attract big-money loss became also binding minority did not mean to draw her money, and suffer loss, yet.
I have no doubt that the package will not be up for discussion again. The program package was the most realistic, from the perspective of a banker, thinks that is best to reduce debts by 200 to 120 percent of GDP over the years established. Do not forget diy kitchen that this program of austerity diy kitchen we agree or disagree, Kifer how Kifer, or not there are some remedies to offset, Greece must pass it even if it is outside the euro. This is because no country can continue to make large deficits. Even if the debts are not paid due to bankruptcy. diy kitchen
Bankruptcy occurs when a country does not have to pay either diy kitchen interest or capital when it matures. diy kitchen Even when banks provide breathing diy kitchen through restructuring, it also called as failure. Tgħiduli then this is not already done to Greece by German and French banks ħafrulhom more than sixty percent? Technically it is a failure. However, because it was voluntary, or sham was voluntary because Germany pushed to these banks, diy kitchen then one can say that this was not a failure at that point.
In the event of total failure, things changed Totally