Saturday, January 28, 2012

"Scenario horror for Greece: Poverty will bring violence"






The horror scenario of violence caused by poverty and misery is seriously in Europe, and the other scary scenario, is the bankruptcy of our country, remains open, as transmitting agency Reuters.
Indeed, EU leaders seriously worried whether repeating the tragedy that struck Argentina, this time in Greece, which is plagued by the economic downturn but the people to see better light ... As we know, the bankruptcy of Argentina a decade ago sparked serious rioting and clashes caused loss of life and shocking images of people to rush to stores to loot and break banks.


- At best, if private creditors withdraw from voluntary debt restructuring, a disorderly bankruptcy would result in closure of Greek banks for several days to give Athens time to avoid the withdrawal of funds by assuring depositors that the lenders will not disappear.
- In the worst case, if you backtrack and European partners, Greece will be found in the risk of plunging into a prolonged freeze bank capital shortfalls commodity, violence and what the central banker George Provopoulos has labeled the "hell" of output the euro.
 
The fate of the Greeks and business estimates to Reuters, if no agreement with private creditors, depends on whether the European Union, the European Central Bank and the International Monetary Fund will stand next to the country ...

No comments: