- 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
Absurdistan/Sweden: The family of a raped minor girl was told by the police to come to the police station in Borås to pick up the rapist's used condom.

Untitled-2-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered.jpg
Turkey's Recep Tayyip Erdogan told a crying six-year-old girl that she should die as a martyr - broadcasted in full HD.

Untitled-2-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered.jpg
Fredrik Modéus, the Bishop of Växjö, welcomes the Muslim call to prayer in the city while a report suggests that the Swedish Church will lose a million members and has to start selling its properties.

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