Archivi giornalieri: 30 giugno 2015

Maybe more is needed but it should be recognized that Greece has already received unprecedented support

Pending the results of the Greek referendum, let’s look at the value of Greek debt in the hands of European governments and institutions, 331 billion euros at end of 2014. It appears obvious that Greece has received very large support. With 35 billion euros of debt outstanding, Greece is also the largest debtor to the IMF. Actually no other industrial Country ever had as much support as Greece since the crisis erupted in 2010.
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