Broken credit negotiation and Warning of Greece
Tuesday, June 16, 2015
(IS) The negotiation between Greece and triple creditors: European Union(EU), International Monetary Fund (IMF), European Central Bank (ECB) were hold yesterday
14/6 ended just after 45 mins due to the difference between creditors request and the improvement polocy which Greece released.
This is the newest effort of Greece to unlock the Relief package 7,2 billions EUD (8,1 billions USD) for this country. Just 2 more weeks until Greece must pay
all deadline credits for IMF, if there is no financial support from Europe, this country will be bankrupt.
After the negotiation was broken, Finance Minister of Greece, Yanis Varoufakis informed, as he estimates, Greece leaves from EU can cause the damage of thousands
of billions EUD for global economy, together with the lost of politics when "investors, civils, related parties realize that EU is not the a unification".
Mr.Varoufakis suggests solving the credit crisis of Greece via a loan with low interest rate in 30 years directly from European Stability Mechanism – ESM.
ESM is an eternal relief fund of Eurozone, with ability to send money directly to the banks without asking other countries' government.
With infor about the negotiation, Euro is down immediately 0,4%, down to 1 Euro convert into 1,1219 USD at the session this morning. Asian securities market is also
down right at session early week after the credit negotiation of Greece was broken.
MSCI Asia-Pacific index is down 0,4%, down to 147,63 points at 09:01 in Tokyo.Topis index of Japan is down 0,8% and Kospi index of Krean is down 0,6%.
Tags:
Securities
14/6 ended just after 45 mins due to the difference between creditors request and the improvement polocy which Greece released.
This is the newest effort of Greece to unlock the Relief package 7,2 billions EUD (8,1 billions USD) for this country. Just 2 more weeks until Greece must pay
all deadline credits for IMF, if there is no financial support from Europe, this country will be bankrupt.
After the negotiation was broken, Finance Minister of Greece, Yanis Varoufakis informed, as he estimates, Greece leaves from EU can cause the damage of thousands
of billions EUD for global economy, together with the lost of politics when "investors, civils, related parties realize that EU is not the a unification".
Mr.Varoufakis suggests solving the credit crisis of Greece via a loan with low interest rate in 30 years directly from European Stability Mechanism – ESM.
ESM is an eternal relief fund of Eurozone, with ability to send money directly to the banks without asking other countries' government.
With infor about the negotiation, Euro is down immediately 0,4%, down to 1 Euro convert into 1,1219 USD at the session this morning. Asian securities market is also
down right at session early week after the credit negotiation of Greece was broken.
MSCI Asia-Pacific index is down 0,4%, down to 147,63 points at 09:01 in Tokyo.Topis index of Japan is down 0,8% and Kospi index of Krean is down 0,6%.
Comments[ 0 ]
Post a Comment