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    The Greek Crisis Has Become A Bottomless Pit.

    2011/6/7 9:33:00 27

    The Greek Crisis Is Bottomless.

    There is a story about Cask of Danaides in Greek mythology.

    Saying that 49 Danaides sisters did bad things, were executed and went down to hell. They were fined and poured water into the bottomless Cask.

    "The barrel of the sisters of the" "the darling" is referred to as "bottomless pit".


    There is no lack of realistic portrayal of old myths in the magical land of Greece.

    The Greek debt that has caused the world's headache has become a bottomless pit.

    A year ago, Greece relied on the bankruptcy crisis, relying on the European Union and IMF's 110 billion euro pledge.

    But by borrowing the new debt, the debt is even higher.

    It is estimated that by 2012, Greece will not be able to raise 30 billion euros.

    assistance

    National bankruptcy will be inevitable.


    After all, Greece has the backing of the European Union, and the presidents of IMF will be firmly held by Europeans. Lending 30 billion euros may not be a big problem.

    But paying back debts is perfectly justified.

    Greece's debt crisis is the most helpless, but the new 30 billion, 60 billion or even 100 billion euros, the investment is unable to afford a ripple of bottomless pit.

    According to some authoritative figures in the United States, Greece is in fact bankrupt. The only result of more aid is that Greece has gained more.

    repay

    Debts.


    In other words, the present Greek debt has become an open "bottomless pit". If the former borrower may be just a victim of being deceived, the current borrower is totally "knowing that there are tigers in the mountains, and the other is going to Hushan".


    Such a solemn and heroic aid lies in the problems of Greece. At least, so far, there is no hope of resolving it.

    The Greek government's austerity plan has not been accepted by the public, and the opposition party has not matched it. Many of the Greeks are fearless in their choice of survival and dignity.

    In such a situation, it is no wonder that the EU and IMF creditors are also somewhat.

    Be overcautious

    Now.


    Now the Greek debt crisis has entered a "dead knot".

    Greece gamble outside dare not save, do not save to let you flood, the euro is dangerous, the world suffers; the creditors bet Greece must help themselves, you do not tighten your own rescue, do not want to borrow any more, breaking the pot, the first result is the bankruptcy of the state, the suffering of the whole people.


    In the eyes of many Europeans, Greece is indeed a place of anger.

    Though financially bankrupt, the Greek life is full of flavour: the annual salary of the civil service is said to be 16 months' salary, and a double pension will be obtained before 1993.

    Spending money on their own, but other people thrifty aid, the hard-working Germans can not accept it, the Merkel administration's rescue plan, the fire almost brought their own political crisis.

    In fact, Europeans are dissatisfied, and it is more difficult for developing countries to contribute indirectly to Greece through IMF.


    This "moral paradox" is everywhere in this international financial crisis.

    For example, during the financial tsunami of 2008, the US government took taxpayer money to save Wall Street and let the ordinary people who suffer from the crisis get angry.

    In order to quell people's grievances, Washington ended up offering a heavy blow to the restricted salary of Wall Street enterprises.

    But for a single enterprise, it is difficult for a country to do well.

    The Greeks did not want to bow their heads. There was no lack of reason. This is the failure of the government's administration.


    To break the current stalemate, the solution is still in the hands of the Greeks.

    For Greek creditors with about half of Greek debt, the only possible result of debt repayment is the debt restructuring. When Greece is a least developed country, part of Greece's debt is removed, and Greece is relieved of its burden.

    For the Greek people, the mistake of the government must be for the people to pay their bills. They have no choice but to tighten their belts.

    For the Greek government, if we want to get new assistance, we must increase the strength of changing the seller's production.


    Today, Greece, and the euro countries, including the big brother Germany, have become "the sisters of the darling" because of the high relevance of their interests.

    Under the current international financial situation, IMF has also played a key role in becoming a real "one of the sisters".

    Although a considerable portion of IMF's funds are provided by developing countries, it is necessary to allocate considerable amounts of real money to pay for European errors.

    This is also why Europeans are sticking to the IMF presidents' throne. It is all about ensuring the stability of this source of funds.


     
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