Σάββατο, 16 Ιουνίου 2012

WHAT IF.........


Sunday's elections: Possible scenarios

What happens if the pro-bailout parties win the election?

Europe will breathe a deep sigh of relief, and will pledge to continue to provide the Athens government with the funds it needs.
Does that mean the crisis will be over?
Not necessarily. Greece's partners will only keep providing the bailout cash provided the new administration enacts the required structural economic reforms.

The campaign posters signal election time in Greece

What if anti-bailout parties win?

Europe and the International Monetary Fund can agree to haggle, or they can refuse to deliver the next tranche of funds for Greece.
What if Greece does not get its bailout funds?
It would not be able to redeem its bonds and will default. The country's banks will be in big trouble. If the ECB cuts Greek banks off from the European financial system, the country will have no reason to remain in the single currency.
Ben Chu
independent

Δεν υπάρχουν σχόλια:

Δημοσίευση σχολίου