Demand Planning Greek American Banks

Prime Minister of Greece, George Papandreou on Sunday said it would legal action against U.S. banks, thinks they have a big responsibility towards the Greek debt crisis. George added in one interview to CNN, that Greece was the victim of U.S. investment banks, there are some errors and lack of transparency in the financial sector. When asked if legal action is still possible, Papandreu not deny the possibility. Papandreou said that the parliamentary investigation will highlight the problem of aberrations that occur and the negative impacts of these practices. German Chancellor Angela Merkel, also criticized the banks that helped aggravate the crisis of Greek thought by dramatizing the situation.

In a poll in the newspaper Ethnos, the results showed that the population of Greece by 58.8 per cent thought that the country will exit from bankruptcy, by contrast 36.6 per cent thought that Greece was not able to cope. The IMF said that European countries are too long to respond to the problem of the Greek crisis. Strauss-Kahn said in a statement in the newspaper Ethnos, stating that if the problem is resolved in February, the cost of consumption will be lower than current conditions, but the handling of the problem takes a very long time. The IMF and the European Union have approved a bailout package of Greece only in early May, and a week later was forced to place the funds with trillions of USD as emergency funds because investors continue to remove the euro and European stocks.

Written by surabayaforex.com