Friday, May 25, 2012

And what happens when Greece leaves the euro?

Greek debt default

Without the possibility of borrowing for each (not even other European governments), the Greek Government rejects euro. They have to pay social security benefits and wages of civil servants bonds (if not resolved at all to pay), to give a new Drachma into circulation. The Government suspended the payment of all debts, including €240 billion in loans, which it has received from the IMF and the EU. Greek banks

Labels: , , ,

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home