Debt crisis in Greece

The 45 billion Euro bailout by IMF to Greece should be make entry to Guinness Book of World Record.After a month long fighting between France and Germany over Greece issue, the two country took interest on providing 15 billion Euro each to Greece.So,Greece must do their best to maintain financial credibility,avoiding IMF imposed interference in future.


The task for the Greek government is to keep public spending moderate,normalize budget deficit and keep an eye on tax fraud.

Greece is a part of the Euro zone for 10 years.Euro zone is not a club that any country will join and leave.But Greece should leave Euro zone as soon as possible.Leving Euro will will be catastrophy to it’s Bank.Greece’s attachment with Euro will lead to massive default which will eventually a major catastropy to banks and the country.Wheither to leave Euro or not, is going to be a decision of the century.

Now,the question is,Wheither this would lead to ultimate crisis for Euro?Should private banks be involved in rescue package?
Till now,Euro zone is little cautious towards Greece.A weak Euro is good for Germany.Let’s hope for the best.