GREECE DEBT CRISIS 2011

GREECE DEBT CRISIS 2011

Euro zone and ECB has to implement the solution of combining all government bonds up to 60% of GDP as Euro bonds because bond yields are too high so it cannot borrow. Later when banks have build up their reserves to handle eventual restructuring, the Euro zone countries should contemplate such actions were appropriate. If ECB fail to do it. Greece should default.

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SUGGESTION TO THE BANK OF ENGLAND GOVERNOR SIR MERVYN KING

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