The new Greek government on Monday began a tour of Europe to explain his position on the debt of Greece and its sustainability. In short, why Tsipras government wants to renegotiate the debt which amounts today to 325 billion euros.
If the eurozone and Athens do not agree on restructuring Greek debt, assuming a default would become reality. That would be affected by this defect?
Who are the creditors of Greece and how much?
The largest creditors of Athens are the member countries of the euro zone with 194 billion euros (chart). Far ahead of the International Monetary Fund and the European Central Bank. A scale, Greek banks are heavily exposed, as well as some European banks.
No country in the euro zone if it is Greece itself, is in favor of the Greek debt reduction. However, these countries are in favor of rescheduling the debt in its redevelopment. "We can see the maturity of Greek debt to ease the burden of this debt," said the Eurogroup, but there is no question of reducing the amount. "
In the euro area, the United creditors of Greece's most important are logically the four largest economies in the zone. Those who contributed to help Greece in proportion to their size. In descending order: Germany, France, Italy and Spain.
Yet the cost of the Greek debt per capita is in the Netherlands it is the highest (graph). Greece has every Dutch citizens the sum of 708 euros and 700 euros for every German citizen.
Any decision on the financial rescue package for Greece would have consequences for other European countries that have already benefited from the program of assistance from their partners: Ireland, Portugal, Spain and Cyprus would be entitled to claim the same benefits if Athens achieved significant reductions in the burden of debt.
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