Greece received $270 billion in rescue loans, but they’re still struggling…
Greece’s Parliamentary Budget Office, which makes quarterly recommendations to lawmakers, warned that the country faces default unless a deal with creditors is reached soon. Greece’s next government debt obligations are due in March.
Now they’re begging for loan forgiveness. You mean they took out loans they had no way to repay? So what happens if they can’t reach an agreement with the creditors and they “default”? Does someone else then own Greece? Will they become “Southeast Germany” or some such thing?
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Photo credit Trine Juel