Guardian for Greece: No one believes he can repay his debt successfully – the financial news of the day



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"Has Greece finally emerged from the disaster?" The British daily The Guardian tries to answer this question in an article by the correspondent of the British newspaper of Athens, but the estimates are negative. will leave the final international bailout in a few weeks, but without any sign that the debt will be repaid, some fear another crisis, "underlines the article in the article regarding the imminent completion of the Greek program the August 20.

"No one believes that the country can repay its debt successfully. The agreement, which was unveiled last month, gives Athens the opportunity to extend debt payments of 320 billion euros over a decade and provides the space needed for the modernization of the economy. However, it is widely considered insufficient to prevent further crises in Greece in the future, "says Guardian, recalling that in the global economic history no country has received so much money that Greece

"The rescue had its price. 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 economic sleep has stifled economic growth. From 120% in the onset of the crisis, the debt-to-GDP ratio is now 180%, by far the highest in the EU, "the report says.

At the same time," many think that " 39, it may be necessary at least the country returns the lost income and returns to the level before the crisis. "

The reporter commented on the attitude of Prime Minister Alexis Tsipras, with the journalist calling" realistic economic "- although at the beginning of governance, he appeared as" A fervent Supporter of anti-austerity (19659002) However, the newspaper notes that the unemployment rate has dropped by about 20% and optimism is rising to the same level, referring to a recent survey of the Greek Entrepreneurs Union

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