Greeks recognized undeveloped ...
The fact is that according to the recently published MSCI (Morgan Stanley) rating, Greece is losing its status as a developed country and moving into the category of emerging market countries. Behind the change of rating is a real blow to the European economy, which demonstrates its apparent instability and the inability to provide real assistance to those states that are parts of this economy and are in dire need of assistance. The reason for the instability by specialists is that the only “salvation” that the eurozone recently went against the Greeks was multi-lending. Moreover, lending was accompanied by overt pressure on the Greek social sector, which led and continues to lead to a sharp reaction from the population.
Such an acute reaction the other day again turned into protest rallies in different cities of Hellas. New fiscal austerity measures that are being imposed on countries like Germany and France (and saving the Greeks, having received the status of a member of the eurozone at one time, have obviously forgotten how) brought to the streets representatives of budget organizations. The provision of public utilities has been suspended for three days in large settlements of the country, which causes a real collapse not only for the domestic, but also for the manufacturing sector, which is already in disrepair in Greece.
The Greek protest has special colors, which are expressed in the fact that not only the people (trade unions) but also the servants of this people, namely representatives of regional authorities (heads of municipal administrations, mayors of cities), who together in the townspeople protest, took to the streets and squares. against the decision of the central authorities to make new job cuts in both the budget and production areas. The planned reduction in the number of jobs in the service sector, according to calculations by the financial analytical agencies of Greece, will lead to extremely negative consequences for the tourism sector. If tourists, accustomed to European comfort during their holidays in Greece, face a decline in the quality of the services provided, they will try to find new places for their holidays. And this will once again deal a tangible blow to the Greek financial system.
It is worth recalling that not so long ago, the main creditors decided to allocate Athens a “saving” loan in the amount of almost 7 billion euros, but under a number of conditions that the Greeks have to fulfill. One of these conditions, by the way, causing a particular negative among citizens of the country, is the need to carry out new layoffs in the public sector (about 15 thousand people before the end of 2014 of the year), as well as the next tax increase.
In the aforementioned study of the Greek economy, experts from MSCI report that the financial system of Hellas cannot get out of stagnation for a long time and also loses resources to attract investment capital. These points say that Greece should say goodbye to the status of a developed country and go, what is called, the floor below. But this raises the question: if the technology of salvation of the Greek economy by European partners will not change, then how long will the Greeks linger on the “floor” for developing economies. Apparently, no, because the principle: “we will give money if you close jobs” is clearly not like a panacea for the Greek economy.
After the decision of Morgan Stenley, Greece becomes on a par with 22 other developing countries, including Russia, Brazil, China and India. It is noteworthy that Russia and China in total have more weight in the Greek economy than the Greeks themselves have this weight. Developing enterprises are buying until recently developed ...
And the sale of Greek enterprises in foreign hands, meanwhile, does not stop. The Greek government finally decided on the privatization of the state railway system. The Privatization Agency acquired 100% stake in the Greek railway operator TRAINOSE. This is the first part of the privatization mechanism. The next stage is the resale of the Greek railways to private hands, and these hands will most likely not be Greek. Or not quite private ...
Applications for participation in the tender for the acquisition of the Greek railways will be submitted until September 16 2013. Great interest here is the possible participation of Russian Railways in the tender. The capitalization and level of economic activity of Russian Railways OJSC fully corresponds to the initial conditions of the tender. The only obstacle at the moment for acquiring the Greek Railways of Russian Railways is the lack of approval for the transaction by the Government of Russia. It’s not that our Government does not want to acquire the Hellas railways ... The fact is that for now, by all accounts, the management of Russian Railways itself is deep in thought about buying a Greek piece of iron. No, let's say, there is no official position, so a possible deal with a Russian state-owned company is in a bit of a hover.
Greece’s withdrawal from the number of developed countries can be considered a new swallow, bearing the news that the Greeks will also leave the eurozone. Will Athens make such a decision disastrous? It is unlikely ... The Greeks themselves already seem to accept the fact that they have very little left in the eurozone. The only thing that may cause serious concerns to ordinary citizens is that it will not turn out that at the time of returning to their own currency (drachma) all profitable enterprises and companies will be in the hands of foreign owners due to the total privatization and re-privatization carried out today. But then, then the Greeks will have to go at all not to the drachma, but to the ruble or the yuan, in order to pay off their “saviors” from Berlin, Paris and Brussels ...
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