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Athens News Agency: News in English, 11-04-13

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] KKE: Bankruptcy has begun 

  • [01] KKE: Bankruptcy has begun

    (ANA-MPA) -- "Greece's bankruptcy has already begun, but it is not yet completed," Communist Party (KKE) leader Aleka Papariga warned during a press conference on Wednesday, noting that a part of the capital has already been devaluated, while state bonds have also depreciated, the social security funds have losses of up to 30 percent, payments have been suspended, and the state property has also depreciated.

    She opined that Europe was divided on whether the restructure of the Greek debt should be done now or later, and was waiting to see what will happen with Spain before deciding.

    In that light, with regard to the sale of state property, the pressure will increase and its value will decline further, given that the candidate buyers will wait until the last minute in order to profit more, Papariga added.

    More details on the subscriber's page of ANA-MPA | Subscription request form


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