Greece is on the verge of bankruptcy. It is no longer able to pay its debts and financial markets, wary, did agree more loans.
For over a year, investors require interest rates ever higher to lend money to Athens. But Greece is not alone in Danger: the rates made by the different degree of trust accorded to each state borrower. While Germany enjoys favorable conditions, Ireland, Italy, Portugal and Spain, like Greece, must pay a “risk premium” .
European aid “to preserve financial stability”
In response to market speculation, the euro area is threatened. If member states of the Union agree to a rescue plan is mainly to protect themselves. (continue reading…)