Thursday, 16 July 2015

Greece’s Debt Crisis Explained

For anyone who does not want to be reduced to a Greece- like
situation, these are learning times. Be disciplined in money matters,
tighten your belts
Greece and its European creditors announced an agreement in Brussels on Monday that aims to resolve the country’s debt crisis and keep it in the eurozone, but that will require further budgetary belt-tightening that Prime Minister Alexis Tsipras could have trouble selling back in Athens.

The International Monetary Fund threatened to withdraw support for Greece’s bailout on Tuesday unless European leaders agree to substantial debt relief.

The Greek Parliament has scheduled a vote for Wednesday night on whether to approve central elements of the deal.
http://www.nytimes.com/interactive/2015/business/international/greece-debt-crisis-euro.html?_r=1

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