Impacto De La Crisis En Grecia

Impact of the Economic crisis in Greece for European Multinational Corporations
Some of the causes that led to the crisis in Greece were the Olympics where the debt was increased and inturn increased public spending. On the other hand, the reduction in tax revenue because the economy was plunged between 30% and 40%. And finally, the financial statements makeup indebtedness to the countries thatcame to light in 2009 with the change of government, where he took over the Georgios Papandreou. What is currently being done by central banks of countries is to lower their benchmark rates in orderto ensure that the rest of the periods of lower interest rates and also more "cheap" funded, but as people generally do not have confidence in recovery, these policies do not work so far. Especiallyafter the policies of the savings offered by social investment and the privatization of 73 million dollars in public assets. This has also resulted in riots and demonstrations against the continuedreduction in public spending.
Kevin Dunning, editor of The Economist, points out that Greece's debt is much greater than its small economy.
Believes that investors thought and rather a centralquestion is that if the situation is not resolved in Greece which is such a small economy what can be done to the larger economies where their trust and their money is placed. This causes investors beginto pull money out of these banks of major countries, causing more damage to the wider European economy.
Conclusion
People, especially the banks are afraid to lend capital because they do not know ifhe will return the money companies seeking to expand their operations or launching new products available resources run out or they have a higher cost as banks and overall market will demand a higher rate ofreturn.
  On the other hand, if there are companies that do not use available resources to expand and to invest, its movement is stopped boxed and invests in zero risk. This is based on their...