The International Monetary Fund will asses on the Greek National Debt

A team of specialists from the International Monetary Fund will asses the Greek government to find ways to reduce its high level of National Debt and solve this complicated economic situation.

The members From the International Monetary Fund will remain in Athens around a week since tomorrow, when they are scheduled to arrive. However, the organization presided by Dominique Strauss-Kahn didn’t speak about a possible financial aid to Greece.

This team will analyze “possibilities for the International Monetary fund to dispatch technical assistance, about the pension reformation, tributary policy and administration, and budget administration” according the spokesman of the International Monetary Fund informed.

The Economic plans of Greece are being questioned and the government of the country wants to convince the European Investors and the Stranger Investors that they are able to reduce deficit and national debt. Nowadays, Greek public accounts are the worst in all the European Union and the fear of a worse crisis is increasing.

Greece treasures a big national debt

Last year, the Greek national debt close with a deficit equal to 12,7% of the Gross Domestic Product (GDP), what increased his national debt to 113% of GDP. Furthermore, the fear of a possible bankruptcy of Greek accounts is still alive, and specially since the recent crisis of Dubai.

The International financial risk qualification agencies itself, trimmed the rating of Greece, making the Greek national debt more expensive.

At the same time a spokesman of the International Monetary Fund visited the Arab Emirates (AEU),to get informed about the current situation of the economy in the country. The results of the report will be delivered to the Executive Committee from the International Monetary Fund, that will analyze them next weeks.

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3. The President of Fitch Considers that the National Debt Issue in Spain,Greece and Portugal is “Annoying”
4. According CreditSights the debt of European Companies is Dangerously High
5. Germany is studying to delay tax reductions due to its National Debt