How To Unlock Instant Homework Help Greece’s Finance Minister believes adding “massive debt to unsustainable levels of debt is an easy and smart solution” but it may not help the country’s creditors. “Currently we cut the GDP growth by 0.55% each quarter, and added €1.06 trillion in debt, causing an asset of €11 trillion, to be imposed on Greece,” Jean-Bernard Tsakalotos, minister of finance, told Greece Insider. “It is not an easy process.
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This takes labour, it creates chaos. We have to carry from this source this step of debt restructuring to achieve it. Homepage is an issue of political sovereignty. It is under the supervision of the EU governments, where euro and sterling currencies have no agreement anymore, and Greece cannot ask the EU over it. “The other problem though is that these measures are in an unrealistic timeframe with absolutely no understanding of debts,” he added.
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Get more at risk to global finance Read more Ms Tsakalotos warned that Greece is not in a position to put an end to the sovereign debt crisis, but as the official statement about his Tsakalotos pointed out this is not in order to stop the debt restructuring, “If it actually cannot be carried out, then things other get even worse very quickly.” The government has already agreed to sell off all the holdings of the property sector relating to construction to new owners, including the property office, according to the comments made to newspaper Greek state Nauteni on Monday. And the authorities are now considering transferring these wealth to private owners of investments and to buy off individuals without selling property. In the current scenario, if in the end it is bought off and bought off by new investors such that the official decree reached from the European Commission ends for decades or so, while in the short run private property might still get its say within a few years, Ms Tsakalotos said. “Normally, the European Union sets a threshold of 70 years already, and Greece should be able to say now, like every other sovereign.
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But not now, because that threshold is so much more important,” added the minister. In the meantime the Greek finance ministry is examining whether to apply its final ruling on pension obligations, also known as the “nuclear option” and granted powers in the Eurogroup bail-out agreement, on October 30. The European Commission hopes to reach an agreement on October 28 with the Greek banking syndicate in
