Economy World

The Eurogroup is seeking a solution to prevent Greece from bankruptcy

European stock markets opened higher this morning. A slight dose of optimism until the meeting of finance ministers of the Eurogroup on Monday, which must approve a new plan of aid to Greece. This is to prevent Athens from bankruptcy in a month.

Even if the terms of the proposed aid are not yet clearly defined, it is no longer possible to wait says French finance minister, Baroin: “We can not wait for two reasons. The first is that the Greek Parliament met last week, the gourvernment pledged-in writing-what we wanted, there are important structural reforms that are underway, it will naturally continue to decline with national laws, but political commitments are made ​​and it can no longer wait for a second reason is that Greece, in March, has deadlines that fall and is found in the situation of a country which may be bankrupt, what we we wanted to avoid France for 18 months. ”

Among the remedies contained a deletion with the private creditors of Athens 100 billion euros of debt and a new Greek bailout of 130 billion euros from its creditors.
Not enough to reassure the Greek population increasingly exasperated by the situation.

Useful links: bankruptcy case

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