External debt of Greece worries Europe

Greece is still facing serious problems, even if it accepted the conditions imposed by creditors. The most recent crisis in the euro zone makes us wonder if the creation of a unique European currency was made on solid grounds.

Certainly, the problems in Greece did not end with the referendum organized by the government in Athens. The negotiations with creditors are difficult. Unfortunately, in this process a very obvious fact is being neglected - the external debt of Greece which is not sustainable. The unique European currency is affected by the situation in Greece. The inception way of thinking for this currency does not apply nowadays. The reality of today in which the currency must function is very different from the moment of its conception. The financial European system will have to face significant changes.


For more information, please see the Romanian version of the article, here.