Collection Agency Rapid Recovery Solution Weighs In On Greece’s Debt Outlook
Bohemia, NY (PRWEB) July 23, 2013 -- On July 23, Rapid Recovery Solution, Inc.is tuned in and discusses the debt crisis on Greece.
According to a July 18 article from CNBC titled “Ex-Greek minister: Greece needs a 40% debt haircut", the odds are stacked against the European nation. Germany’s finance minister, Wolfgang Schaeuble, recently visited Athens to discuss Greece’s options. He ultimately took a hardline stance, asserting that Germany has no intention of bailing out its Eurozone comrades, and Greece should simply stop asking.
In response, former deputy finance minister of Greece, Petros Doukas, called for a “sizable haircut” of debt in the range of 40 percent, according to the article. While Doukas acknowledged potential resistance from European taxpayers, he stressed the substantial improvements and new revenue from neighbor countries would have on the dire circumstances in Greece. Making matters worse, Doukas admits that if bailed out, “the money cannot be repaid.” He also voiced support for immediate reforms and budget cuts to eat into the sizable debt.
John Monderine, CEO of Rapid Recovery Solution, Inc., offers his opinion, "The situation in Greece is a bad situation with few indications of improvement." He continues with a professional prospective, “Commercial collection agencies know all too well the potential dangers of increasing debt. The scale of Greece’s debt, coupled with its negative influence on global markets, make this a historic saga in desperate need of resolution."
Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.
Sean Nolan, Rapid Recovery Solution, Inc, http://www.rapidrecoverysolution.com, +1 (866) 944-8610, [email protected]
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