Monday, 22 July 2013 07:17
Monday, 22 July 2013 07:13
'"If Eurozone creditors behave unwilling in decreasing Greece's debt burden, it might lead to the country's collapse and quit from Euro zone,” said the economist at the London-based finance institution Capital Economics on Saturday.
Greece has been at the epicenter of the eurozone debt crisis and is experiencing its sixth year of recession, while harsh austerity measures have left about half a million people without jobs.
On July 8, Eurozone finance ministers decided to agree on the recommendations by the so-called troika of international lenders -- the European Union (EU), the European Central Bank (ECB), and the International Monetary Fund (IMF) -- to release nearly 7 billion euros (USD 9.2 billion) in financial aid for Greece.'
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