
“Greece has only a couple of weeks left to convince its creditors that it can put economic reforms back on track. Should its latest plans for making €14.5 billion ($17.6 billion) of spending cuts over the coming two years be judged unrealistic, the next €31.2 billion loan tranche will again be held back,” outlines the famous magazine.
In that case, “Greece would be unable to finish recapitalizing its big banks. Without credit, the economy will seize up. Pensions and public-sector salaries would not be paid.” The Economist also
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