Aboutme.SubinFinance - Greece Sinks Debt and Tries to Swim Without European Union and IMF

Aboutme.SubinFinance

Greece Referendum: 

GreeceDebt and its creditors have a bad day as the talks end up in tantrum and Europe will not be able to do the funding which will be deposited in IMF amounting Euro 1.6 Billion Debt. Leftist Government has backed this policy that this policy by repaying back 15.5 Billion Euro for coming 5 months and they will increase tax as well as curb spending cuts. But lot of things are involved, let’s see it one by one. 

Greece Finance Minister Yanis Varoufakis came up with the idea of Capital Controls with working with European Banks and authorities of Greece. For this they will keep the banks shut on Monday. This created panic in all ATM’s in Greece.International Monetary Fund is not going to declare Greece Defaulted, instead will work with European Central Banks and Greece Finance Ministry to pay back faster. Continued funding from European Banks will place Greece space to pay back and receive the balance bail-out fund from IMF. European Central Banks will be providing Greece funds under the Emergency Liquidity Assistance [ELA]. But by July 20, 2015, Greece has to withdraw Bonds worth 3.5 Billion Euro being held by European Central Bank. This Greece Debt must do it at any cost to play safe. 

Greece Referendum News: 

Greece referendum: Early results show 'No' vote ahead

Greece heads towards historic no vote against austerity measures

For Videos Please Refer:

http:/www.bloomberg.com/news/.../greece-s-divided-voters-../

European Union Let Down Greece As a Country :

Slowly, if things are not working, Greece has to exit the European Union maybe Currency Union and run a parallel currency to meet its obligations. These debt instruments like IOU’s can have some shock that its currency get devalued faster. Greece will going for referendum on July 5^th and the answer will be absolutely “No” which will have a good clash with the creditors and Euro-Zone Countries. But people will not be interested to do it because it will affect the working class who are getting the help from the Government only.

If the referendum is “Yes”, then Greece will be having the 3^rd Bail-out package from International lenders. This will affect the Euro with Dollar exchange rate too. IMF Managing Director still wants to continue talks with Greece Government and want this country to take Structural Finance and Fiscal Reforms, which will bring the country back to normalcy. Balanced approach is required from the side of Government in Greece. This panic is still there in Greece now. 

European Union News:  

Greece votes 'No' to European Union rescue package in decisive referendum

For Video please see

http://www.telegraph.co.uk › ... › EU Referendum

 Do IMF bossing Greece To be tamed in European Union Nets:

 

 

Greece Banks and stock exchange will be remained closed on Monday, which is considered to be wrong as creditors never extended loan to them and people of Greece are withdrawing money looking at the alarming signal of the economy. Even European Central Bank must keep the credit line on and Greece can pay the money to IMF easily which is amounting to 1.6 Billion Euro. The payment schedule of the European Central Bank is looking at how Greece will be moving forward with Expenses cut and increase taxation?
Europe will be leaving Greece or Greece must keep the referendum “YES”, so that their integrity and harshness on the people will be less. Country must be ruled by itself and not to be ruled by the creditors. Apart from that Greece will keep check on credit control on the individuals. Creditors didn’t like the policy of referendum as they want to impose lot of restrictions to the country where capital is given. Cut pension is one of the policies of the creditors, which would deepen wide crisis where 25% of the people are unemployed. Second policy of the International Community to curb the budget and also asked the European Central Bank to curb spending on Greece too. Greece is already facing the wrath like choked growth where the economy is squeezing due to the policy implemented by IMF and European Central Bank. The main foreign currency which is coming in is from the tourists and the Government is fighting to ensure them enough funds to make them stay at ease. 

What is the meaning of Emergency Funding? When Banks or other financial institutions are in dire need of cash, funding must come and keep them floating. Here the European Central Bank is having a different idea, when Greece Banks become solvent, only Emergency funding will take place, which is considered to be harmful for the country looking for funds. European Community and IMF plus 18 communities of Europe are blaming Greece for paving away from the Union which is like a thin thread ready to be broken. Greece must try to feed itself better than staying with Europe and settle the economy faster. After that when country become full-fledged, then Government must decide whether to come to the Union or not. Now, it’s better to keep away from Union or face lot of reforms which is structural and paining to the Greek Debt people. 

IMF NEWS:  


The IMF's sad story: Greek tragedy

For video refer

http://www.cnbc.com/id/102560432

Funny Videos:-

http://www.youtube.com/watch?v=NR8q1l6Cpko

Best Games For You In Android:

https://www.androidpit.com/best-android-games

Entertainment News:

Diana Douglas Webster, Mother of Michael Douglas, Ex-Wife of Kirk Douglas, Dies at 92

Film Review: ‘Paper Towns’

Richard Gere: ‘There Will Be a Tibetan Spring Eventually,’ ‘We Have to Be Patient’

Film Review: ‘Self/less’

Digital Tracking: ‘Terminator’ Takes On ‘Magic Mike’ In Tight Box Office Race

Best Car of 2015:

 Best Hotel Suite:

Romantic Song: