Even if the worst-case projections of the IMF are belied there is no doubt that this will be a year of deep recession and Greece will be confronted with an army of unemployed.
Despite Greece’s ten-year economic crisis there were no changes in the qualitative characteristics of the economy and thus it is extremely vulnerable to external factors.
' Governments around the world would need to mobilise at least $2.5 trillion to support developing nations. Rich countries have shown that at this time of crisis they can mobilize trillions of dollars to support their own economies'
As long expected, Greece will pay off early its high-interest loans from the IMF.