CRIZA FINANCIARĂ DIN GRECIA

Greece is unable to pay its 323 billion Euro debt, that represents 177% of its 2014 GDP. Under these circumstances it was unable to pay 1,6 billion to the International Monetary Fund until June 30 2015. Failure to pay means that the country is considered to be technically bankrupt. Greece’s international creditors want this country to make progresses in consolidating its economic capabilities by increasing its’ budget, cutting expenditures and gathering more money, so that it has enough money to cover its debt and support economic growth. The fact that the negotiations were prolonged until a solution was reached is a sign that the problems that Greece is facing has no economic solution and a political compromise is necessary in order to keep this country in the Euro Zone. As the crisis and the negotiations developed, the majority of the prognoses considered that Greece was going to remain in the Euro Zone, and that the negotiations will go on for as long as it will be needed, until a compromise would be met. Their arguments (that proved right) was the creditors desire to avoid any risks ant the fact that most of Greek politicians and population are unwilling to give up Euro. Regardless of the evolutions and the decisions taken, the probability that the Greek authorities will stick to the agreed plan is low. This is why there is a great probability that the Greek problem will go on and emerge periodically on the EU agenda.