The BBC has reported that not only is Greece saddled with debt to the EU Bank and the IMF, but that the country is inundated with fleeing refugees from Africa--some 55,000--at any given time over the last 2 years. These displaced persons must be attended to with food, clothing and temporary shelter. It is true that they are headed for countries to the north to settle in, but the fact remains that this is a terrible financial burden for a country in debt already to bear.
I don't see how the country can think of keeping to a repayment loan schedule under the burden to alleviate the emergency conditions of handling a constant flow of refugees over its land.
Sunday, July 12, 2015
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