The EU and Global Markets Study Greek Debt Repayment Plan
The Peterson Group – Jakarta, Indonesia
Countries under the European Union have been on the lookout on Greece’s system of governance and public finance which is knitted to their own economies. The Greek financial crisis which was led by a long history of fiscal trouble in terms of economical inconsistencies sent warning signs to its sister countries. It was identified that both fiscal fraud, government corruption and max tax evasion led its economy to be highly unstable. Thus, it now seriously threatens the Euro Zone.
It is forecasted that if Greece does not pay its creditors, a dangerous precedent will occur. Greece must exercise its will to implement reforms necessary for restructuring in order to pay their debts.