Looking to sell your investment property? We specialise in selling tenanted properties to our network of 30,000 investors. For more detailsClick here

Looking to sell your investment property?Click here

Restructuring Greek Debt Would Worsen the Crisis

Published: 9th September 2013

Paul Vocker has warned that restructuring Greek debt would worsen the countries situation and has said a much deeper reform is required to help Greece become more competitive in the European Union.

Volcker said that confidence in the Greek market would need to be restored before a recovery is possible, which should provide Greece with more of an incentive to deepen their reforms. Volcker also mentioned the U.S. President Barack Obama had always thought the forcible entry in to the Euro a “good idea”. He said the economic crisis would have been worse if the various European countries had kept their local currency and respective fractionation's. He also said “some countries may not understand the discipline” that the common currency implied.

Carstens said adjustments, structural reforms and macroeconomic policies that are introduced in a time of a debt crisis are political decisions, and each country has to decide how far they want to take them.

Back to News

Need some help? Request a FREE call back today.

Whether you're a seasoned investor or considering your first property investment, our experienced team are here to help. Arrange a FREE call back from one of our team!

Free Call Back

Call our team today on +44 (0) 161 337 3890

Pure Investor - Property Investment