No one believes Greece will pay off debt – SKAI (www.skai.gr)



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ECONOMY


"The country will withdraw from the final international bailout in a few weeks, but with no sign that the debt will be repaid, some fear another crisis"

The British Guardian believes that the question of whether Greece has finally escaped the catastrophe."

"The country will withdraw from the final international bailout in a few weeks, but without any sign that the debt will be repaid, some fear another crisis " in response to the Guardian of Greece.

"Nobody believes that the country can repay its debt successfully.The agreement, which was unveiled last month, gives Athens the opportunity to extend the debt payments of 320 billion euros over a decade and provides the space needed for the modernization of the economy.But it is widely considered insufficient to prevent further crises in Greece in the future, explains Elena Smith in her response

"The rescue was worth it. The terms were tough, unpopular and, in some cases, aggressive punitive. The cuts in wages and pensions, tax increases and structural reforms, many of which were hated, although they should have taken place a long time ago, were the basis for ongoing claims by creditors. But the economic gangster stifled economic growth. From 120% in the onset of the crisis, the ratio of debt to GDP is now about 180%, by far the highest in the EU, "the report said.

Many are those who, according to long reports, think that it may take at least ten years for the country to recover its lost income and return to standards of living above the norm.Worse, the deterioration of the demographic problem do not help because Greece has the lowest birth rate after Bulgaria in the EU with a drop in population of almost 3% following immigration and fewer births during the crisis

However, the reporter notes that the unemployment rate has dropped by about 20% and that optimism is increasing by 20%, referring to an investigation recent Greek Entrepreneurs Union.


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