Wednesday, May 5, 2010

Medicine

Vegetables Recipes - NOT in place and rallies, and plan a general strike today was held by some people of Greece to welcome the "generosity" International Monetary Fund and other member countries of the euro zone to provide assistance large loan when the country was threatened by "default" government securities worth U.S. $ 8 , 5 billion which was due May 19 next. His name was borrowed, had accompanied lumrahlah requirements, a promise to repay and collateral from the lender.

"Should not be choosers beggars." It's no longer the borrower who chose the option when squeezed. And may the IMF or countries eurozone colleagues would not take a lot of headache to lend a hand, if the Greek state only as "poor" normal, not in critical condition financially. Consideration of the European Union provides loans to Greece more driven by concerns that the Greek crisis if left to grow can have a negative impact on investor confidence on the euro and other euro countries kinship with the Greeks.

Greece visits actually very lucky to get a big financial help to reach 120 billion euros as opposed to the actual given sincere hearts, but with the various considerations and requirements. In the eurozone, Greece is not the only one who threatened the financial crisis and should be given assistance. Ireland has the largest budget deficit reached 14.3% of GDP, higher than 13.6% of Greece. While colleagues Spain and Portugal, each of which reached a deficit of 11.6 and 9.4% are also entitled to be registered as candidates for ICU patients.

The IMF already is famous recipe "is very bitter medicine" to cure the economy had experienced some developing countries in Latin America, including Indonesia.

A country with unpredictable incomes of U.S. $ 32,100 per capita, poor population under 2%, with inflation only 1% to carry the debt burden of $ 552.8 billion LN and the budget deficit as described above. Awampun people can draw a simple conclusion that the Greek financial crisis is simply due to financial mismanagement and potential of the country's resources with the wrong policy. Authority is already making "a big wedge of the pole."

Birds in none other than the correction, with the policy of reform and consolidation of the savings as a pre condition. Reducing government spending through the reduction of subsidies, salaries and THR civil servants on the one hand and increased revenue from taxes on the other hand, is imperative.

In the early stages can be perceived how sick of belt tightening policy and its effect on the endurance of the people with lower income levels. Clearly the government in power must be prepared to face the cost of political or social security risks that often occur in poor countries.

In order to play safe, the Greek government should follow "recipes bitterly" the IMF with an extra ingredient of "vitamin" nutrient additions and "sweeteners" in addition to local provision of social safety net for certain community groups with weaker physical condition.

Government assistance should not imitate the rejection and expulsion of the IMF as happened in some recipient countries, including Indonesia. Given the support of the IMF on bailout package of Greece contributed almost a quarter of the entire amount of aid and numerous other peer countries still need the help of the IMF, who knows, the relationship with the IMF should not be until disconnected.

Greek People must remember, for the disease, "swollen deficit" and "swollen debt", the only drug from a doctor is to undergo any "diet" or "savings", in order to posture the government budget can quickly become "lean" and joints, structures and all national economic system can move smoothly back from jamming.

Success out of the middle of a financial crisis mengacam solely rely on the determination and endurance of the Greek people's own bitterness. Up first burst of the dynamics of the protesters for the implementation of programs of stability, growth and development of the country pemacuan later.

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