- Greece is bankrupt in a week

 
- Greece is bankrupt in a week
Loading...
Loading...
Greek authorities have informed creditors that the country will be technically bankrupt in about a week, The Telegraph reports.

This happens in the wake of negotiations on a new stimulus package.

The deadline to pay billions in debt to the International Monetary Fund (IMF) is due April 9th.

The Greek economy has remained floating on large rescue packages from the IMF and the EU since 2009. If the country does not get more emergency loans, Greece is in danger of running out of money.

In an interview with the German newspaper Der Spiegel, the Greek Interior Minister said that he hopes the country's creditors understand that Greece can not repay the billion-loan to the IMF, and that they are obliged to prioritize wages in public sector and pensions.

Unless Greece repays the loan to the IMF, the country risks further arrears. Greece also owes 240 million euros in interest.

There are no international rules for what happens if a country goes bankrupt. It can not be divided into assets and then sold.

Comment below.

Loading...


    Donate to Speisa


The globalist psychopaths vs Speisa


Latest
Untitled-2-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered.jpg
Four Arab migrants have been sentenced for the brutal robbery of a 97-year-old woman in her home in Sweden.

Untitled-2-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered.jpg
Drug users should no longer be punished, but treated. The majority of the Norwegian parliament has made a historic transformation of the Norwegian drug policy.

Untitled-2-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered.jpg
Violent attacks against German police have reached epidemic proportions, and police are told they cannot win a war against Muslim gangs: "we outnumber them."

View this article in PDF format Print article



DON'T MISS A POST - FOLLOW US ON FACEBOOK!




Disclamer
Comments at Speisa are unmoderated. We do believe in free speech, but posts using foul language, as well as abusive, hateful, libelous and genocidal posts, will be deleted if seen. However, if a comment remains on the site, it in no way constitutes an endorsement by Speisa of the sentiments contained therein.
comments powered by Disqus