RSS Feed
June 5th, 2012 
FAKE NEWS for the Zionist agenda Greece’s likely rejection of the austerity measures and reforms in return for EU-IMF bailouts, following the mid-June parliamentary elections, would lead to the “suspension of external financial support,” said the international agency in a statement on Monday.
“Such an outcome would, in our view, seriously damage Greece’s economy and fiscal position in the medium term and most likely lead to another Greek sovereign default,” it said.
The agency said the Greek exit from the eurozone would not affect other weaker eurozone states.
“We believe that other sovereigns would be unlikely to follow any Greek exit, having witnessed the resulting economic hardships … (while) in the meantime their European partners would provide additional support to discourage further departures.”
Earlier this week, rating agency Moody’s lowered Greece’s domestic rating ceiling due to escalating concerns over the debt-ridden country’s exit from the eurozone.
Greece is the epicenter of the eurozone debt crisis. It is headed for the second parliamentary elections, expected on June 17, following a political impasse since the May 6 elections when no party gained enough seats in the elections.
There are worries that more delays in resolving the eurozone debt crisis, which began in Greece in late 2009 and infected Italy, Spain and France last year, could push not only Europe but also much of the rest of the developed world back into recession.
MN/AO/HJL
Related posts:
Views: 0
Posted in 
Tags: 
