Tuesday, July 12, 2011

Which way things are going?

My estimations of the situation (they reflect my personal views).

1. The debt will be cut by approximately a third.
2. There will be about 100.000 layoffs from the public sector.
3. The agreement between the IMF, the EU  and Greece will be enforced one way or another.
4. Part of the sovereignity of Greece will be transfered to the EU institutions.
5. If the above will conclude a success, similar things will be forwarded to the rest of thwe Euro-Zone members.

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