Bailing out greece

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Bailing out greece

  1. 1. Bailing out Greece <br />Liisa Kuuse<br />Ep 1<br />Pärnu 2010<br />
  2. 2. Article<br />Appeared April 23rd 2010, The Economist<br />Headline: “Bailing out Greece: An extreme necessity”<br />
  3. 3. Main facts<br />Greece is asking help from the euro zone and the IMF<br />Greek bonds reached an alarming 8.9%<br />Greece’s budget deficit reached 13.6% of GDP in 2009<br />The IMF is expected to make € 15 billion available and euro zone countries € 30 billion <br />
  4. 4. Statistics<br />An earlier analysis by TheEconomist suggestedthat Greece would need at least €75 billion of official aid.<br />
  5. 5. Recession impact<br />Sovereign default - if the nation cannot afford to repurchase the necessary foreign currency at bond repayment time.<br />Greece as a euro zone country has to leave the euro?<br />
  6. 6.
  7. 7. Thankyou!<br />

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