Greek Bureau of Statistics announced on the 13th, the latest data unadjusted Greece's second quarter gross domestic product (GDP) shrink by 6.2 percent year-on-year decline of 7 percent in the first quarter decline of 6.5 percent but better than market expectations. In this regard, the former director of the Bank of England, the current Citigroup chief economist William-bit, the euro area member states may occur in large-scale sovereign debt restructuring and financial debt restructuring, Greece may exit from the euro.
 
According to Dow Jones Newswires, bit on the 12th, the euro area towards the final solution would be "staggering" the biggest disaster is that the overall division of a monetary union, but the risk is still not high. The most likely outcome will be, the European Monetary Union still exists, but there may be less to Greece. Countries will begin large-scale sovereign debt restructuring and financial debt restructuring, debt restructuring, both occurred in the peripheral members of the high debt, also occur in the euro area core countries and financial systems.
 
From all walks of life are still waiting for the European Commission, European Central Bank and International Monetary Fund (IMF) "triumvirate vehicle assessment report on the economic situation in Greece and the implementation of the assistance agreement. "Troika" is expected to make a final assessment will determine Greece's ability to obtain relief funds of international donors, a 31.5 billion euros in mid-September.



Other News:
United States and then knocked Greece out of the euro-zone alarm
Construction steel market rebound in the main market did not follow up
Profitability or steel enterprises competition Sheng Sijie steel prices problems
To counter the EU aviation carbon tax in the third wave
The WISCO September sales price policy
Italy pirated Spain routines: claiming that without EU aid
Nippon Steel and Australia's iron and steel giant to set up joint venture
The steel industry is not the road of the ＂rebirth＂