The financing program Greece will come to the end with creditors on August 20

@Rossijskaja gazeta
Show original
comes to the end on August 20 the prolonged program of financial support Greece with the international creditors. In its framework so-called "three" - EU, and International Monetary Fund - in three stages gave out European central bank on credit till 2060 of nearly 300 billion euro that became the largest in the history of EU a package of the economic help.
For the past 8 years since the prime minister of that time Greece Georgios Geoffrey Papandreu recognized by

the actual bankruptcy Hellas and asked for the help "the senior companions" on the eurozone, Greeks endured the real national crash: since 2010 the Greek economy was reduced by 25 percent, national debt grew to 180 percent in relation to gross domestic product, and without work there was every third Greek.

But the most important is that the country completely lost economic and substantially the political sovereignty. After all from the moment of the introduction in the program of "memorandums" - agreements with creditors - Government of Greece independently could not adopt any law without preliminary approval in Brussels. And delegations from International Monetary Fund regularly visited gorod Afiny for obtaining detailed reports at local officials about made "progress" in carrying out painful and antisocial structural reforms.

they also were the main condition of allocation of multi-billion trenches under which four Greek governments replaced since 2010 undertook to pursue policy of rigid budgetary economy. It in turn provided sharp reduction of pensions, salaries, cancellation of many measures of social support, and also a considerable raising of taxes, broad privatization of state property and other painful structural reforms.

at the beginning of the current year the present prime minister Greece Alexis Tsipras, come to the power in the 2015th on populist slogans of an immediate exit from "memorandums", but upon completely fulfilled all requirements lowered from above Brussels, promised Greeks to put an end tightened to "national humiliation".

"We at last will leave the period of supervision, drastic measures and humiliation. We will leave the dark period", - Alexis Tsipras spoke, pointing to huge victims of the population of the country from extremely rigid requirements of EU and International Monetary Fund.

However, that a formal exit Greece from under guardianship of the international creditors at all does not mean finding by gorod Afiny full independence in economic affairs, sure the majority of the population of Hellas. According to the opinion poll which has been carried out at the beginning of 2018 for the local newspaper Real News, more than 66 percent of respondents are sure what finally to get rid of supervision of creditors to gorod Afiny it will not be possible.

of the Similar opinion hold and to Germany - the main financial sponsor Greece in the last 8 years. In Berlin directly declare that to Greeks it is not necessary and to dream of withdrawal from macroeconomic indicators earlier coordinated with creditors, weakening of policy of rigid budgetary economy and especially of restructuring or write-off of debts.

"It will be important day in August when the program (the financial help Greece) will end, but its effect will be long and will not come to the end on the same day", - the chancellor declared in July Germany Angela Merkel.

by
It is read
The Economist

"One of lessons of the Greek crisis is in mass media that the uniform currency of EU was more difficult to be destroyed, than critics predicted. Another - that EU will take considerable measures for time, including an impoverishment of own member countries not to make difficult decisions".

" Salaries and pensions were cut down by

of weekly journal "Der Spiegel" are lifted within the cruel program of reforms. Greece will repay the debts till 2060. But the most important aspect remained unaddressed: only the country with growing economy will be able to pay off with such debts. But the population Greece contracts: 550 thousand Greeks already emigrated since the crisis beginning, having left 10,7 million Greeks in the country. According to forecasts, by 2050 the population of Hellas will make from 8,3 to 10 million people".