The current situation in Greece over its possible exit from the European Union and financial crisis is the result of a series of accumulated bloc that allowed him to have since joining the euro zone debt.
The financial difficulties of Greece are located since late 2009, when the level of public debt began to worry the world to discover that Prime Minister Costas Karamanlis, hid the real value of debt .
To meet the payment of this debt, April 23, 2010, the Greek government borrowed to the European Union, which was regarded as the first request “rescue”.
In 2011, the EU and the International Monetary Fund raised the possibility of leaving the Greek government to be declared bankrupt, after the Greek government requested a second loan amid tensions with the two instances.
A year later, in February 2012 he authorized the country a loan of 240 billion euros.
Despite the time that was given to Greece, was unable to improve their financial structure; its debt had grown enough to achieve be reversed so quickly. In October 2014 the government approved the government deficit to rise to 113.4 percent in relation to GDP.
Today, Prime Minister of Greece, Alexis Tsipras, officially called a third program of financial assistance for a period of three years, and clarified that the loan will be used to meet obligations debt and ensure the stability of the financial system.
If the loan is accepted, Greece agrees to conform to a reform program in the fiscal and financial sustainability.
The letter yesterday Alexis Tsipras promised, was sent by the Greek Finance Minister, Euclid Tsakalotos; it provides that tomorrow at the latest, the Greek government presented a long list of reforms to be implemented in the areas of “fiscal sustainability, financial stability and economic growth in the long term”
In short, commitment to accept the Hellenic country in exchange for the loan would be adjusted economically and take action on pensions and tax reforms.
Now, the question is probably generated, which meant the decision taken by the Greek Sunday
In short, the “No” against a new bailout, meant two important things.
The public discontent against the austerity measures in the country has been subsumed for five years, by the pressure that the EU and the International Monetary Fund (IMF) have had on the country.
It also meant that the Greek population supported the position of prime minister country, which encouraged people to vote against the economic support, to force the EU to negotiate the terms of the bailout. Thus sought to increase economic amount and the terms were not so strict
However, today the prime minister of Greece, Alexis Tsipras, asked not to leave the euro zone condiciendo respecting the EU set as the Greeks have no choice but to seek a way out of “the impasse”
The euro zone leaders gave Greece until the weekend to submit proposals for far-reaching reforms .
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