Moody's has threatened to reduce the rating of Greece

If the actions of the Greek authorities to reduce the budget deficit will be ineffective, the international rating agency Moody's may lower ratings. But if Greece will be a tight and consistent policy to normalize the economic situation in the country, the agency can fix the rating of Greece at the level of "A2". We recall that the European Union were in shock after Greece was replaced by the power and it became evident that the Greeks initially provided inaccurate statistics. Greece's total debt - 300 billion euros. He has more than 100% of GDP. Note that in the euro zone the maximum permitted level - 3%. True, it is now very few people observe. At the request of the European Union, Greece has to reduce the budget deficit below 3% by the end of 2012. The Greek Government has frozen the growth of wages, reduced benefits to employees of the public sector by 10%. In addition, the public sector are not accepted new workers. The authorities have promised to dismiss temporary workers, to raise excise taxes on alcohol and cigarettes, as well as the consumption tax on gasoline. Plans to increase taxes on wealthy citizens. Naturally, all these measures the population perceives without enthusiasm and go out.