Azunite
November 19th, 2010, 11:32 AM
Just saw this on today's news and wanted to share with you folks.
I hope EU finally realised that Greece won't be able to saved, because now they are selling their property to pay their debts. Although many European countries are done with the economic crisis, Grecce's situation gets worse. After the last EU money help, they started selling transportation and mining companies.
We already knew that Greece faces economical collapse since the beggining of 2010. And with people rioting throughout Greece, it seems that Greece faces total collapse.
http://news.yahoo.com/s/afp/20101118/bs_afp/greecebudgetprivatisation_20101118141144
The link below explains how did Greece come to this situation, it is quite old
http://www.guardian.co.uk/world/2010/may/06/greek-debt-crisis-economy
I have no idea why EU still tries to help Greece. Angela Merkel offered that Greece could sell Aegean islands to pay it's debts, a long time ago. But they refused it. Their current debt is estimated some 350 Billion Euros.
I hope EU finally realised that Greece won't be able to saved, because now they are selling their property to pay their debts. Although many European countries are done with the economic crisis, Grecce's situation gets worse. After the last EU money help, they started selling transportation and mining companies.
We already knew that Greece faces economical collapse since the beggining of 2010. And with people rioting throughout Greece, it seems that Greece faces total collapse.
http://news.yahoo.com/s/afp/20101118/bs_afp/greecebudgetprivatisation_20101118141144
The link below explains how did Greece come to this situation, it is quite old
http://www.guardian.co.uk/world/2010/may/06/greek-debt-crisis-economy
I have no idea why EU still tries to help Greece. Angela Merkel offered that Greece could sell Aegean islands to pay it's debts, a long time ago. But they refused it. Their current debt is estimated some 350 Billion Euros.