Monday, June 20, 2011

THE ALTERNATIVE TO MONEY SOURCES IN PRIVATE INVESTORS REMAINS FORESEEABLE FOR THE GREEK GOVERNMENT, DESPITE THE RISK.

The European Union finance Ministers meeting held early morning today in Brussels has further strained the release of the European Union financial rescue package to Greece that had been scheduled for release in the month of July of this year. The rescue package will be released, unless the Greek government introduce new tougher spending cuts and saving policy to meet the European Union Central bank conditions for the allocation of the financial rescue package to Greece. This has set the government in Athens under mounting pressure, despite the government's recent cabinets reshuffle aimed at the implementation of the government's disputed austerity measures and the new saving plans. However, the alternative to money sources in private sectors named the private Believers and the volunteers remains foreseeable, despite the risks in the almost bankrupt country that remains partially privatized in the presence of offers such as government loan guarantee, higher interest rates and the State's prior payments in large sums after the loan contracts ceases for the private sector investors.

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