划船用英语怎么说关于希腊债务危机的英文版介绍

2021年1月26日发(作者：宴会)
Financial Markets Assessment
The description
of Greece’s current situation
is as follows. Since the Greek debt
crisis happened last year, total debts of this country are close to 3400 hundred millions
at the present time. The reforms of finance and organization structure move slowly so
that
other
countries
begin
to
suspect
the
ability
to
pay
debt
and
the
possibility
of
sustainable development. Maybe the situation will further increase financing cost and
the Greek debt will continue to mount up. The debt level has the potential to approach
a staggering 1.43 times (143%) of GDP. If Greek economy gets into a rapid shrink as
investors expected,

the
ratio of
debt
level
to GDP
will reach 160%.From margin
of
credit
default
swap,
we
find
that
the
margin
of
five
years
has
approached
57%.In
general,
margin
of
credit
default
swap
reflects
clearly
probability
of
default
in
the
Member Countries of European Union.
Firstly,
various
factors
lead
to
Greek
debt
crisis.
The
basic
reason
is
that
some
problems had not been solved before Greece entered the EU. According to relevant
rules,
the
Member
Countries
of
European
Union
must
meet
two
requirements.
The
first
requirement
is
that
budget
deficit
must
not
exceed
3%
of
GDP.
The
second
requirement is that the leverage must be kept below 60% of GDP. However, Greece
notices the great gap when entering the EU. From this point, it is not good news for
Greece.
And
then
Greece
asked
for
help
from
American
Investment
Bank- GOLDMANSACHS
.
Of course, this bank provides a scheme for Greece. This
scheme
makes
Greek
public
debt
of
1000
millions
euro
avoid
being
come
out.
Through
these
unusual
efforts,
Greece
is
up
to
the
standard
of
entering
the
EU
in
account. So the ratio of debt level to GDP

goes down from 5.7 % to 1.5%.
Secondly, Greek economic growth mode and structure are not unreasonable, and it
weakens

the
fundament

of
fiscal income.

In the past 10
years, economic growth is a
little rapider, and annual growth rate is about 4%. The rate exceeds greatly the average
of
2%
in
Euro
Area.
With
the
rapid
development
of
Greek
economy,
Greek
government
is
confident
about
the
source
of
fiscal
income,
and
then
Greek
government
keeps
on
a
high
level

fiscal
expenditure.
Facing
the
great
stroke
of
economic crisis, Greece seems

fragile in a way.

Thirdly, Private
Sector

and
Public Sector
in
Greece
borrow foreign
debts,
and it
makes
Greek
government
suffer
easily
impact
of
external
capital.
As
Greece
enters
Euro Zone, it can
’
t use the devaluation of the currency to control market competition,
so Greek economic competition is dampened by higher exchange Rate of Euro. These
factors make Greek economy lose previous competition.
Furthermore,
there
exist
serous
problems
in
the
Greek
finance.
Beside
Greek
government is weak in fiscal management, and the policy of governmental finance is
not
reasonable.
Since
Greece
entered
the
Euro
Area
in
2001,
Greek
budget
deficit
exceed 3% almost every year. The ratio of public debt to GDP

increases from 103 %
in 2000 to 115% in 2009. In terms of fiscal income, Greece lack reasonable planning.














What
’
s worse, there exist serious tax evasion in this country.
Besides
the
proximate
cause
is
that
Greek
credit
rating
is
lowered
by
rating

agency.
On
December
8,
2009,
FitchRatings,
one
of
the
most
authoritative
rati