- public spending is growing and late fees. After the tax law changes, the Greeks began to evade taxes even more actively;
- the budget deficit in 2010 exceeded the maximum allowed for the euro zone more than 3 times;
- based on Eurostat data published in April this year, the actual deficit of state budget is higher than the country had before, ie 10.5% versus 9.6% of GDP. There is talk of 5% less than in 2009, but in the context of Athens is the promise of reducing the budget deficit by up to 8% last year;
- greek government debt rose from 79.3% in 2009 to 85.1% in 2010;
- There are funds already allocated to the country, for that to save the country from a default of the loans have been requested by the EU and the IMF for a total of 110 billion €;
- Greece can not cope with a growing budget deficit and government debt due to high consumption levels and that the Greeks have not much they want to separate. A third of the Greek population does not support the restrictive measures of the government to cut public expenditure such as salaries, allowances and pensions, which is sufficient to trigger social unrest;
- Too high a quality of life was possible for many years for their loans. Now the quality of life should be reduced by at least 20%.Any country reaches the decision through inflation, but Greece, being a member of the euro zone, has a central bank of its own. So the only way out is to cut salaries, pensions and benefits in general.
0 comments:
Post a Comment