Sunday, 17 June 2012

Greece ? Are the problems solved after the elections ?

Greek pro-bailout parties win knife-edge elections....

Greece ? Are the problems solved after the elections ?

- The Greek government still faces a huge gap between its liabilities and revenues and the country risks running of of cash.
- Greek Government coffers could be empty as soon as July, shortly after this month’s pivotal elections. In the worst case, Athens might have to temporarily stop paying for salaries and pensions, along with imports of fuel, food and pharmaceuticals.
- Young Greeks are voting with their feet and leaving Greeks for other European countries.
- Salaries and pensions in the private and the public sectors have been cut by up to 50 percent. With less cash, consumers have curbed spending, leading thousands of taxpaying businesses to fail.
Good Luck Greece, for your Euro Cup aspirations... You are up against Germany who wants to trounce you, both in soccer and for being such an economic spoilt brat.

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