quinta-feira, 18 de junho de 2015

Greece in the slipstream of the crisis

It all started with a lie. As soon as he was elected, in the fall of 2009, the Prime Minister George Papandreu lifted the veil on the Greek deficit. In order to enter the eurozone, the Greek Government had lied about the State of finance and statistics.

The Greece, worn with the debts, risked failure to pay. Athens has promised to implement austerity measures, but the failures were in sight.

In the first Summit on the crisis in Brussels in February, found agreement in principle: the European partners have promised to help Greece.

Shortly thereafter, Greece's public deficit was revalued in 15.4% of GDP. The bag collapses, qualifying agencies lowered the grades of solvency in relation to Greek debt.

En 2010, the country's debt amounted to 350 billion. The country can't do it himself and is forced to ask for international aid.

The EU and the IMF decided to support Greece with 110 billion euros over three years. In an extraordinary Council of Ministers, the Greek Chief Executive, George Papandreu, defended the austerity plan agreed to avoid bankruptcy of the country.

The second rescue took place a year later. Yet Greece was threatened by lack of payment. It was thanks to the agreement with 83.7% of private lenders that did it, honor the debt.

The day January 25, the Syriza Alexis Tsipras, won the lesgislativas with the promise to renegotiate the rescue plan and put an end to austerity that, in five years, led to the fall of 25% of GDP and the desperation of the population: one-fourth of assets on unemployment, suicide rates and immigration that shook the world.

The Greeks voted for Syriza to end austerity, but not to bring Greece to a standstill.

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