Tuesday, September 20, 2011


Debt crisis in Europe is becoming serious, when the Greek government said the financial future of the country depends entirely on the telephone talks with EU and IMF officials tomorrow.

Conversations "build or break" between the Greek Finance Minister, EU and European Union officials of the International Monetary Fund IMF will decide the following measures to prevent defaults Greece.
After 20 months of crisis things stand, barely hold by the austerity measures harsh, Greek Finance Minister said it was time to act "decide" to prevent the country falling into the scene insolvent."There are big changes in the market. If we want to avoid bankruptcy and stabilize the situation in the euro zone, we need to make strategic decisions macro level, "Finance Minister Evangelos Venizelos said.
Greek future is based on a phone ...
Demonstrations on a wide spread in Greece.
Referring to the issue of reform outlined in the controversial plan has been passed in July, Minister Venizelos said: "The measures must be specified. After the talks tomorrow with the Troika (the representatives of the EU, the European Central Bank ECB and the IMF), we will clearly explain the measure. "
With the immediate threat of bankruptcy, Greece is not likely to raise a significant aid worth 8 billion euros next month unless the country has proven to be effective after the reform.
A meeting between finance ministers of EU countries meet in Poland has raised issues and requires "actual actions, as well as the specific numbers" to prove the effectiveness of Greece before proceeding more money. Without that cash is important, wages and pensions of officials in October will not be paid.
The lack of political consensus in the belt-tightening measures have been continuously eroded the prestige of Greek. It seems that the main disagreements are contributing to the efforts of Athens to be less effective. In addition, the protests are spreading all over the place really puzzling Greek managers.
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