martes, 21 de julio de 2015

Greece’s Future, and the Euro’s

Greece’s Future, and the Euro’s

These days every TV network is talking the same topic, the future of Greece. Everyone is following in the news how things are developing. Greece is now in a very delicate moment. But, how are they going to pay all their debts? Moreover, will they be able to pay them at least? 

On the one hand, now in Greece there is a far-left wing party in the Greek Parliament, who promised to reduce the debts that Greece had and who also promised other benefits to poor people, like a reduction in the electricity bills. Furthermore, Alexis Tsipras, the Prime Minister convoked a Referendum to vote  if they accepted what they have to pay to Europe or to force Europe to hand over more money with less austerity attached (what he was for). 

On the other hand, European countries want all the money that they have lent to Greece back. They think that Greece hasn’t done enough reforms to give them more money. For instance, there are only five swimming pools that pay taxes to the government, their VAT is very low… This means that Greece will have to pay at the end, because when they asked for money Europe gave it to them.

Finally they have accepted the conditions imposed by the EU, and they are going to do the necessary reforms to have the third rescue. Despite the fact that they are going to have an increase in their VAT, the limit of the cash money…, now I reckon that they have more possibilities than before to emerge from the crisis.

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