Greece's crisis could roll tragedy

"Suicide for fear of death." Despite the financial crisis in Europe, Greece was the ultimate relief proposals did not comply with one voice to the European Commission chief Jean-Claude junkara has thrown this statement. Reducing government spending and taxes imposed for fear of losing popularity in Greece, the left-wing Prime Minister Alexis siprasera decision 'suicide' was branded angered European lenders. Because, as a consequence of the possibility of Greece leaving the European Union is strong. Their financial aid program has expired yesterday. IMF 160 billion euros of debt yesterday sodhera period, which Greece could not meet. Bank of the week earlier on Monday, the stock closed Greece. Common people miserable economy collapsed. Decline in the share of the world meet. The reduction in the tax burden, not trimming, etc. came to power by promising siprasa. But the EU will not hurt his stubborn attitude of the Greek akhere. Greece's financial crisis is that the rest of Europe are moving toward tragedy, and that is probably the last address was in effect from Monday. Jerei ambivalence of 5 July referendum called by Prime Minister admit that the conditions of the relief project. And had refused to accept the aid project to the public at virtually the indictment said. Because, according to him, pulled out a five-year recession means that the people impose surtax tackle Greece 'insult' to. Unemployment peaked already in the country. However junkarera, according to the decision that in the European Union to provide oxygen to aid Greece 'betrayal'. He warned that the referendum petition to accept relief projects, "Greece is 'yes', say goodbye janaka Europe either as currency." And German Chancellor Angela Merkel, yet somewhat softer tone of the giants, but the start of a new referendum if the results can be seen. Lack of cash has decided to regulate the capital of Greece. Six days from Monday 6 July, the bank had decided to close down, unable to make the least money and pension harassing the common man, the Pension has been kept outside the scope of control. Monday was a day to get the pension. Can not be taken for more than 60 euros per day from ATMs. Week closing stock. The market risk is increasing tension in the supply of gasoline and medicines. Barrel oil price in the international market has gone down to $ 6, which is the lowest in the last three weeks. Siprasa referendum digit offered angry creditors of cash to maintain the supply of closed-door negotiations. The indictment was returned over 600 million euros in emergency aid to banks in the European top. The Greek bank is going to provide some funding to the referendum on 5 July. A total of 4 billion euros in Greece debt relief through several phases in the project are the European Union and several member countries, the European central bank and the IMF, whose term ended on Tuesday. IMF 160 billion euros to Greece was to meet the day. July will have to pay a larger sums. As a result, 720 million euros of financial relief from creditors if you do not at the moment of payment is not possible for Greece. 1200 crore in the next five months to save the euro because of the Greece to Europe under the proposal. They already had agreed to pay 180 million euros in which Greece would meet with the IMF should be. Economists fear that unless immediate cash relief will not be able to meet the cost of the absence of the government of Greece. Which ultimately led Europe out of Greece could go bankrupt. If weaken its currency instead of the euro to be introduced, which depends on imports to Greece will not be able to buy the products. On Monday, Europe and America, Asia's share was down to the mouth of the index. India's SENSEX fell 166.69 points. Europe, Germany, France and Britain, the index fell 3.31% to 1.68%. 0 of Indian rupee against the US dollar money. Rs 63.84 to a dollar. Why referendum? Greece to accept the conditions of the relief project? Or you can leave the European Union? Communication with the opinion of the people in a referendum. The question remains, what is the condition of creditors will accept? On behalf: Yes, against or not. If they are able to aid Greece. But increasing taxes, reducing government spending will have to abide by the conditions. 'No' as the currency to leave iuroke. More than 40 percent of people will like. How many citizens will vote to end the ruined bank, it is a doubt. The country was the last referendum in 1974. Up with the monarchy. More than 70 percent of people in favor of the Republic. Source: Anandabajar.