BGN Entrepreneur

With London, Paris and Frankfurt initially down by more than 1%, every European market opened much lower, following the falls in the Asian markets. Investors are now worried that the Greek economy has reached a tipping point and contagion will spread. Greece’s prime minister will try to form a new cabinet to push through a debt restructuring plan.
In order to avoid the government defaulting on the nation’s debts, new spending cuts and sell-offs of state property much be passed to get new bail-out funds from the EU and IMF. However, rioters have taken to the streets again. Besides, Greece’s former deputy finance minister–George Floridis resigned in protest at the slow pace of economic reforms.

Related posts:

1. Markets Volatile on Fears Eurozone Due to Debt Crisis
   European shares are traded on fears that the debt crisis...
2. Debt Management during Financial Crisis
   These days are exactly worrying times for savings and investments...
3. Greece Seeks to Reassure Markets with Budget Cuts
   Greece was poised to pass a deficit-cutting budget in the...
4. Greece Rules out Debt Restructuring
   According to Greece’s central bank governor, it is announced that...
5. What Plans Can Be Offered to Avoid a Debt Crisis?
   More than 30 days leading budget expert proposed to reduce...