Greece new government has already been sandwiched
by Germany and its nation.
Greece needs financial aid otherwise the
default may happen in Greek economy. However, Germany does not agree to the Greek’s
request unless Greece comes back on to the track that forces dramatic cut of
expenses.
It may be the shape of future Japanese
economy because the financial situation of Japan is even worse than Greece. The
difference is that the national bond of the government is absorbed by the
central bank of Japan and the domestic banks and the government does not depend
on foreign countries or banks.
However, there are no elements that Japan
can be optimistic on the financial deficit and no certainty that the financial
deficit will be gone until 2020.
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