About.Me.SubinFinance - Greece Must Survive Itself

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About.Me.SubinFinance 

Will world survive greece debt crisis?????

"Greece Debt" Banks default is at stake due to optimism that German and Euro Banks are reconsidering the credit line to keep the economy moving. They also cut the borrowing cost so that Greek can buy slightly cheaper and invest this money in the economy.
European shares had gained more than 1% but the Euro had been beaten by strong United States Dollar and Yen. Italian Bonds are considered to be favorable than German Bonds as Germany is opening more credit line to Greece which in turn can create more Bad Debts than opportunities. Wall Street and other stock exchanges too got the green signal, was moving upwards whereas Gold and Silver got the thrashing. https://en.wikipedia.org/wiki/Greek_government-debt_crisis.

Will Euorpe Survive Greece Debt Crisis????


"Greece Debt" proposal is considered to be short term gain only, long term is considered to be a myth. http://www.usatoday.com/story/money/.../06/...greece-debt-crisis.../29284181/




Actually what happened to Greece is a story to tell. If Greece stays in Euro Zone, 19 nations will be in trouble and they’re trying to save the Euro than saving themselves. This will not only affect Euro Zone but create instability all over the world. Greece Debt Crisis started from 2008 onwards and invaded towards bankruptcy in the early spring 2010. International Monetary Fund and European Central Banks plus European Commission issued two conditional bailouts in the form of 240 billion Euros and US$ 264 billion respectively. http://www.telegraph.co.uk › Finance › Economics

If Greece received this much money then why the problem still exists. The Greece economy has shrunk to 25% in five years time period. The money which came to Greece is not used in the economy, but start paying international loans which they’ve taken earlier. Unemployment is above 25%. If this money is not used in the economy, then what is the use of bailout? European Banks, Germany and IMF are playing with Greece people future. Why can’t countries write off all this debts and invest in Greece economy. Another thing that International lenders want Greece to restructure the economy means more burden to Greece people by ways and means of more direct taxes, indirect taxes, more bills on electricity water and needful items, etc. And meanwhile International Lenders will gain from it too. http://www.abc.net.au/news/2015-06-26/greek-debt-talks-go.../6574234

What "Greece Debt"  must do is to please the International Lenders by paying some part for international loans and invest major part in economy to reduce Unemployment and growth. But International lenders will not allow it. They give money to make you pauper, not become rich. Greece can actually play with Euro Zone by partially deleting old debts and creating new one because if Greece leaves Euro Zone, then the European Union and United States will get the beating. All economy will be in crisis. Greece can put its terms and conditions now. The financial Shock will be considered to be several Trillion United States Dollars. Greece for time-being must keep away from European Union Currency and structure its economy first and Greece can do it easily. But United Europe will get a beating. http://ww.ft.com › indepth

Will United States Survive Greece Debt Crisis???


What Greece must do is to please European Union and get Euro 7 Billion to wave off current issues. Later they can expect a big chunk from International Monetary Fund and European Union later this year. Divide the economy into two classes like Needy and Non-Needy. Non-Needy can pay taxes slight higher and Needy has to be protected in one way or another. Government can provide subsidies in food, slightly in power and education, home allowances and health, but in a minimal way. Non-Needy must be charged slightly for this with a 10% extra cost to feed the Needy. Apart from above mentioned items and services everyone has to pay a little extra.http://www.greekcrisis.net/

A little restricting is required to create Growth; "Greece Debt" can take the example of India and China to move forward. The idea behind is that “Never Take Loan and Provide Loan to anyone plus Loans Are Not Free, It Has to Incur A Cost- None Other Than Working Class”.http://www.theguardian.com › Business › Eurozone crisis

Location: Greece

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