Thursday, November 10, 2011

EACH GREEK CITIZEN SHOULD PAY 20,000 EUROS TO PAY ITS GOVERNMENT STOCK

This money could be used to reduce the liabilities of the country.

Greece is abusing of common resource, since 70% of the deposits it gets are debts. Between the other countries with smaller debt, compared to their contribution to the GDP (Gross Domestic Product) of the Euro-zone, Finland is apart of the rest, with a debt of 7,000 € per capita.

Greeks are taking their money out from the banks because of fear.

This fear is causing a massive withdrawing of money, 5,000 million € in the last week.

In this situation, the Governor of the Bank of Greece, George Provopoulos, has asked political parties to form a government as soon as possible, to go on with the bailout and clear the uncertainty up.

" These doubts are causing damages to the economy and the banking system". Since January 2010 the total number of deposits in Greek banks has been minimized 21%; these banks are depending more of the ECB (European Central Bank) to that depend more and more on the BCE (Central Bank of Spain) to maintain their liquidity.


Mercè

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