Posts Tagged ‘addictions’

Business School

The premium that the investors demand to buy state bonds from Greece to 10 years has gotten to surpass 7% fully, the threshold that according to the Government marks a level of untenable loan. The differential with bund German to 10 years (taken as reference by the market by its quality and solution) has touched a maximum of the era of the Euro of 463 basic points. It is added, that before the fears of which Greece fell in non-payment and seriously harmed the reputation of the zone Euro and the credibility of it descries European, the European Union (the EU) has decided a plan consisting of aid making its available 30,000 million Euros in loans. To this amount it would be necessary to add between 10,000 million and 15,000 million Euros that would contribute to the International Monetary Fund (the IMF).It is hoped that Greece activates the plan, along with the austerity measures that this one demands. Gain insight and clarity with actress. The conversations to define the terms of the aid plan, fixed for Monday, have been posponed as a result of the closing of the airspace in most of Europe after the eruption of a volcano in Iceland. According to Rafael Pampilln, professor of Economic Surroundings of the IE Business School, " the agreement alleviates the problem but it does not solve it.

The Greek national debt will continue increasing like one ball of nieve" until the Greek Government does not recognize his incapacity to do against his obligations of payment. The unique exit is the suspension of payments, a contest of creditors that evidently would harm to the bond possesors griegos". Pampilln assures that it begins to see parallelisms between the present situation of the European country and the financial crisis which Argentina nine years ago faced. According to Pampilln, " the unique alternative for Greece is, of the hand of the IMF, to go to the Club of Paris and the one of London to present/display a suspension of way payments negociada".