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> Economy

New York Times on Tsipras’ debt restructuring announcements

The analysts fear a new crisis wave

Newsroom January 11 12:02

New York Times expresses the fears of many private investors that Greek elections could lead to the formation of a radical government, and bankruptcy.

 

The article states that SYRIZA president Alexis Tsipras’ statements on restructuring the Greek debt were a shock to investors, who last year, thronged to buy Greek government bonds and Greek banks shares, betting that the country would recover from a 5 year recession which eliminated a fourth of the country’s GDP.

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The author notes that the investors’ concern is based on the fact that Mr. Tsipras, challenging Europe on these issues, will force Greece into bankruptcy and perhaps a disorderly exit from the euro, which would lead to a new wave of crisis placed on investors.

 

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