Greek Exiting Euro Zone? Make preparations


Posted May 30, 2012 by aileencharis

The central banks as well as other companies are going to get into a lot of trouble if they do not prepare themselves for the exit of Greece from the euro zone. This is what has been said by the foreign minister of Belgium just a few days back.

 
The central banks as well as other companies are going to get into a lot of trouble if they do not prepare themselves for the exit of Greece from the euro zone. This is what has been said by the foreign minister of Belgium just a few days back. These talks are doing the round in the air has the economy of Spain has already stared going low and their finances are deteriorating day by day.
The elections in Greece are going to take place on 17th June. Because of this only there are more chances that the country will get itself out sooner than before from the country club a a result of getting ripped off from the bailout programme result. An opinion poll was done before the elections whose result is showing that the result is also going to be tight.
In a sum total, the economy of Greece constitutes around a little more than 2 per cent of the economy of euro zone. But it can prove to be detrimental for the currency area. This thing is going to take the spot light on Italy, Spian as well as Portugal
Didier Reynders, who holds two positions that is of being the foreign minister of Belgium as well as being its deputy Prime Minister, he said while talking at the European American Press Club at Paris, things as well as discussions till date have never been serious even at the European level so as to what is going to happen if Greece leaves euro zone. In addition to this, if companies as well as central banks do not take any kinds of measures in this regard then they are going to make very serious mistake on a profession level.
Spain is going to be in a lot of trouble mainly because of back-washing from Greece. The wealthiest part of the country, Catalonia also said a few days back that it is also looking to get some help from the side of the central government as they are also falling short of alternatives to refinance their debts in the year 2012.
Artur Mas, President, Catalan,informed that they are not aware how the government us going to do it but what they have to do it any how. In order to maintain the economy, it is required that the bills are paid on time. The situation is very much full of confusion speed e loans @ http://www.speedeloans.org.uk/ have very flexible terms and conditions under this the repayment plan of the funds can be designed by the borrower according to its comfort.
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Last Updated May 30, 2012
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