According to an article in the Financial Times, the second economic support package will be a waste of money due to the very small participation of individuals and the conflict between Finland and other members of the Eurozone with Greece regarding the collaterals.
In addition, Greece faces many difficulties due to the very strict measures imposed and Financial Times believe that a default can not be prevented. According to the article, the package can only help European Banks give the impression that they are safe, but in reality, it cannot help Greece. It is also said that the agreement with Finland was catastrophic and useless since Greece is still financed by the previous loans.
Citigroup Global Markets thinks that Greece must remove at least 2/3 of her debt, except for the debt owed to the International Monetary Fund between 2013-2014 to bring its Gross Domestic Product, GDP, close to 80%.
(Source: news247.gr)
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