Greece! Scenic beauty in the pages of history. Even today it stands as the evidence of lifestyle and administration of our prehistoric predecessors.10000 years ago, greeks made countless s**t for mankind, but now nothing but a bankrupt.
Greece is a country that has seen many storms and hurricanes all these centuries. It has seen Alexander the great, Cleopatra's reign, Ptolemy's multidisciplinary admin, Ceaser's association, philosophers' wittiness that built and maintained one of the greatest nations around the globe in and out through the history.
It's journey had been through many ups and downs. Every great personality out there has had bitter catastrophic downfalls. The other one comes then and the land flourishes again, until its date of expire. In modern times, Greece proved to be calm and free from conquests and warefare. It's contributing its part to the European economy. But now, there starts again a downfall.
Around 2010 A.D., many investors in greece sold their assets and greek shares and gave up their confidence on the economic yield at Greece. There starts the downfall. The infamous greek nation was pushed to unfortunate position to expect its neighbors to bring him up. Italy, The UK, The USA, France, Italy, Finland, Austria, Spain, and some other countries loaned Greece each with £10-15 billion.Germany helped our Hero with £68 billion.
The protagonist is now unable to repay the humongous sum. The IMF gave away £1.5 billion and the European Central Bank's £3.5 billion are also at stake now. If greece could repay these, the bank is ready to help with £89 billion more to rescue the nation. At this verge of destruction, the finance minister of the country, Yanis Varoufakis resigned, thus became the man Europe loathes.
Greece voted for a NO in the referendum and preventing the it's bail out, because they believe this might improve the bargaining power of the national economy, rather than yielding to european union.
If this continues, Greece will have to cease from being one of 19 euro zone nations. Euro will not be the one prevalent in the country. The economic benefits will also be cut off. Athens will be filled with unemployed. Greek ATMs will run dry. But European economy will not face catastrophe, since greece contributes a small amount to it. Frankly, it's neighbors will be relieved of greek trouble for loans. Pray for Greece. God bless Him.
Greece is a country that has seen many storms and hurricanes all these centuries. It has seen Alexander the great, Cleopatra's reign, Ptolemy's multidisciplinary admin, Ceaser's association, philosophers' wittiness that built and maintained one of the greatest nations around the globe in and out through the history.
It's journey had been through many ups and downs. Every great personality out there has had bitter catastrophic downfalls. The other one comes then and the land flourishes again, until its date of expire. In modern times, Greece proved to be calm and free from conquests and warefare. It's contributing its part to the European economy. But now, there starts again a downfall.
Around 2010 A.D., many investors in greece sold their assets and greek shares and gave up their confidence on the economic yield at Greece. There starts the downfall. The infamous greek nation was pushed to unfortunate position to expect its neighbors to bring him up. Italy, The UK, The USA, France, Italy, Finland, Austria, Spain, and some other countries loaned Greece each with £10-15 billion.Germany helped our Hero with £68 billion.
The protagonist is now unable to repay the humongous sum. The IMF gave away £1.5 billion and the European Central Bank's £3.5 billion are also at stake now. If greece could repay these, the bank is ready to help with £89 billion more to rescue the nation. At this verge of destruction, the finance minister of the country, Yanis Varoufakis resigned, thus became the man Europe loathes.
Greece voted for a NO in the referendum and preventing the it's bail out, because they believe this might improve the bargaining power of the national economy, rather than yielding to european union.
If this continues, Greece will have to cease from being one of 19 euro zone nations. Euro will not be the one prevalent in the country. The economic benefits will also be cut off. Athens will be filled with unemployed. Greek ATMs will run dry. But European economy will not face catastrophe, since greece contributes a small amount to it. Frankly, it's neighbors will be relieved of greek trouble for loans. Pray for Greece. God bless Him.
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