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   Over the last decade, Greece went on a dept.
   Leading to economic crisis that threatend
    both European’s recovery and the future of
    the Euro.
   European leaders obtain an agreement from
    banks to take 50% cost on the face value of
    greek’s debt.
   IMF and ECB would not decrease a 50% on
    the face value as it was planed.
   Because of this greek’s dept would only
    decrease to 120% by the year 2020.
   Four days after the release oof the
    plan, greek’s prime minister
    (Papandreou)announced a referendum.
   Greece Elected a new Prime minister by the
    name of Papademos along with his cabinet
    members moving towards the development
    of greece’s economy.

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Press Review: Overview of Greece

  • 1.
  • 2. Over the last decade, Greece went on a dept.  Leading to economic crisis that threatend both European’s recovery and the future of the Euro.  European leaders obtain an agreement from banks to take 50% cost on the face value of greek’s debt.  IMF and ECB would not decrease a 50% on the face value as it was planed.
  • 3. Because of this greek’s dept would only decrease to 120% by the year 2020.  Four days after the release oof the plan, greek’s prime minister (Papandreou)announced a referendum.  Greece Elected a new Prime minister by the name of Papademos along with his cabinet members moving towards the development of greece’s economy.