German exporters foresee bankruptcy for Greece
Efforts of the European Union (EU) and International Monetary Fund (IMF) to help Greece out of the unprecedented financial crisis might not have the desired effect.
Anton F. Boerner, President of German Foreign Trade (BGA) says that Greece is expected to reach bankruptcy sooner or later, according to the newspaper Welt am Sonntag, Agerpres notes.
Greece has to pay a part of the debt on May 19th, and international aid will help the authorities in Athens to declare that they have money, considers head BGA. The issue is that this loan rescue plan approved by the European simply defers problems.
Related posts:
- Obama and Merkel have economy phone deals U.S. President Barack Obama and German Chancellor Angela Merkel had...
- Slovenia to take loan to help Greece The government in Ljubljana is considering a foreign loan...
- Green light for Greece The German parliament approved yesterday the contribution of 22.4 billion...
- Greek strikers hit Athens streets over austerity plan One day ahead of a European general strike, the...
- European countries benefit from Greek crisis The Germans and the French have fully taken advantage...
Posted by AnnabelleLion on May 9 2010 Filed under Economy. You can follow any responses to this entry through the . You can leave a response or trackback to this entry
