How would cost an erasure of the Greek debt? – TF1

Greece more than ever on the verge of bankruptcy, has agreed in Brussels on Friday to quickly present a package of reforms able to convince its creditors and European authorities to grant additional financial assistance.

After more than three hours of restricted meeting at night on the sidelines of the European Council Greek Prime Minister, Alexis Tsipras , has promised “proposals for the next few days.” Participated in the meeting: Angela Merkel, Francois Hollande , President of the European Central Bank, Mario Draghi President of the European Commission , Jean-Claude Juncker , President of the European Council, Donald Tusk, and Dutch Finance Minister Jeroen Dijsselbloem, president of the Eurogroup.

The European Commission then announced the availability of Greece “two billion euros for 2015″ from unused EU funds. Even if Athens is in urgent need of cash, they will not be used to bail out the Greek state. But they can be used “to strengthen efforts in favor of growth and social cohesion.”

60% of the debt is held by Europe

To be well account blockages and reluctance of European leaders to make concessions to the demands of Alexis Tsipras, here is an overview of how Greece to whom.

In total, Greece last September was 321 billion in all of its creditors ( see infographic below –Bra ). Among them, the country euro , mainly via the European Financial Stability Facility (EFSF), loaned 60% of these 321 billion, including:

– Germany 56 billion
– France : 42000000000
– Italy: 37 billion
– Spain: 24000000000

636 euros French, 1 166 euros per household

It goes without saying that the taxpayers of those countries in the euro zone are the first affected by the ongoing discussions. If the Greek debt was restructured, reduced or eventually cleared (which, admittedly, is no longer the order of the day), are obviously the ones who pay, literally.

Reduced to the total population of each country, this is what every person, including infants, “holds” on Greek debt and “lose” so if it was totally erased:

– Germany, about 81 million end 2013: 691 euros
– France, about 66 million end 2013: 636 euros
– Italy, about 60 million end 2013: € 616
– Spain, about 47 million end 2013: EUR 510

Brought back the number of taxpayers, these figures are obviously much higher. France thus has 36 million tax households. Or about 1166 euros of Greek debt each … (knowing that one in two households is non-taxable, it even bears the figure to 2,332 euros per taxable household) … This is therefore the price (very virtual) that would allow the French to “save Greece”. And only in part, since it concerns only the debt held by France!