Greek carnival in Europe drive the debt crisis of the haze that lingers.

<P> The past week, the Chinese celebrate the Spring Festival, the Europeans are to enjoy the crazy carnival. .Recent debt crisis-ridden Greek is no exception, and they had a carnival. .But the carnival owned by Carnival, carnival after the debt crisis of the haze is still shrouded in Greece and other EU countries in the head. .</ P> <P> Greece, the EU did not come up with aid programs </ P> <P> before the passover of the February 11, the EU informal summit was held. .Originally, the meeting was not prepared to discuss the debt crisis of Greece. .However, the repeated request of the Greek, the problem was to "squeeze" into the agenda. .At the meeting, 27 members of the Heads of State or Government agreed to "take firm and coordinated action" to help Greece, but the fact is "paying lip service to", they did not come up with specific assistance programs. .</ P> <P> 15, 27, finance ministers were meeting again in Brussels. .But the outcome of the meeting is to urge Greece to take self-help measures as soon as possible, asked the Greek government in mid-March to come up with convincing solutions. .After the self-help programs in Greece but also from month to month to accept the EU review. .As a result, the Greek equivalent to the EU carry out a mandatory national financial management. .</ P> <P> Rehn, the European Commission Financial Monetary Committee, said: "Today, people are once again stressed that the process of reducing the deficit, Greece must be announced before mid-March in which new additional savings measures." </ P .> <P> 2009 年 10 months, the Greek government announced the new 2009 budget deficit will reach 12.7% of GDP is twice the previous government estimates, but much higher than the EU's "stability and growth pact" .The deficit can not exceed the provisions of the GDP target of 3%. .Then, Standard & Poor's, Fitch and Moody's have the world's three major rating agencies lowered the credit rating of Greece's sovereignty. .Thus the Greek government's debt crisis began. .</ P> <P> "pigs" crisis become a hot topic </ P> <P> At the same time, the so-called "pigs" (PIGS) crisis has increasingly become a hot topic in European media. ."PIGS" is the Portuguese (PORTUGAL), Ireland (IRELAND), Greece (GREECE) and Spain (SPAIN) 4 State English name of the first letter of the acronym. .Apart from outside Greece, Portugal, Ireland and Spain, countries of the deficit of 3 levels far beyond the EU's "stability and growth pact," the provisions of the 3% target. .And Spain is the euro zone's fourth largest economy, the economy is almost twice the size of Greece, Portugal and Ireland combined. .According to the Spanish Ministry of Finance report released in February this year, the public deficit to GDP ratio may still be as high as 9.8%. .The end of 2009, Standard & Poor's sovereign credit rating outlook to Spain, down to "negative." .</ P> <P> in the end is what led to the debt crisis of the Greek? .Janis Stewart Nadu Greek-known economist summarized its fiscal years, cost overruns, the huge civil service, the three major reasons for serious tax evasion. .First, political parties and trade unions based on the pressure, the Greek government over the years of excessive increases in public spending, over to raise wages and pensions and other social benefits, the Financial overwhelmed; Secondly, only the number of government departments, civil servants account for the national labor force of Greece .10%, if you count the pension management institutions and some public sector employees, the proportion of higher civil service a huge huge financial burden; Third, over the years, the Greek government has been performance in the fight against tax evasion .weak. .It is estimated that the Greek government because of tax evasion behavior at least equivalent to an annual loss of revenue to 4% of GDP. .</ P> <P> Greece, no one is willing to save? .No one can save? .</ P> <P> how to help Greece out of the woods? .Now the problem continues to haunt the European Union. .EU-27 countries, 16 countries adopted the euro, constitute the so-called euro zone. .Britain and Sweden and other countries, although EU member states, but not using the euro, does not want to save the Greek "bill" and advocate of Greece should be the International Monetary Fund (IMF) for help. .And inside the eurozone, opinions are not uniform. .Germany is the richest country in the European Union, but most Germans do not agree with the Greek crisis of pocket. .</ P> <P> German "Bild" commissioned by Em Needham Market and Social Research Institute to do the poll, 67% of Germans do not want Germany to Greece and other EU member states to provide tens of billions of euros .dollars of financial assistance; 53% of Germans believe that if necessary, the EU should be expelled from Greece, the euro zone. .German Chancellor Angela Merkel's Christian Democratic Union and the leadership of the ruling coalition of the Liberal Democratic Party belong to many members are opposed to relief Greece. .Liberal Democratic Party who Shiao Tuo - Frick said: "To solve the problem, should not be providing financial assistance to Greece, but should be away from all the damage to the German taxpayer." </ P> <P> to the European Central Bank .that it currently has no plans to help Greece. .But even if it wanted to lend a helping hand to Greece, there are insurmountable legal obstacles. .Because the existing legal framework, neither the European Central Bank obligation and can not help Greece. ."Maastricht Treaty" has been called a "non-assistance clause." .This provision explicitly prohibits members of the European Central Bank and the Central Bank or the Community to the Member States to provide public sector institutions or similar overdraft overdraft loans; prohibit members of the European Central Bank and central banks to buy bonds directly to these institutions; against the European Central .banks to accept or seek instructions for other relief agencies. .</ P> <P> British think-tank "Open Europe" of the Greek EU aid of 10 possible options. .It was found that the law is only one feasible, and that is paid to the Greek advance payments under the European Union Solidarity Fund. .According to the EU in 2007 to the mid-term budget for 2013, Greece should promote the development of backward areas in the European Union Solidarity Fund received a total of 20.2 billion euros in financial support, so far there is no allocation of nearly 18.1 billion euros, it'd be a partial solution to the Greek government is facing this year .gap of 530 billion euros. .Of course, the best method is still Greek to self-help, self-help way to find out as soon as possible. .</ P>.