By Sam Willie
With €450 million of debt due
to International Monetary Fund on April 9th, Greece has been forced
to take drastic measure to round-up the cash needed to stay afloat. The
Guardian reports that Greece’s government has postponed all payments for state
supplies in an effort to stave-off default. It has also seized money from
pension funds and EU subsidies destined for farmers. Greece’s former Finance Minister
Stefanos Manos has told the Guardian the his country is “scraping the bottom of
the barrel for everything they can find.” Adding insult to injury, Greece is simultaneously
experiencing a sharp decline in tax revenues as investors are withdrawing their
funds and sending them to perceived safer havens abroad.
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