Greek Salvation?

Shaun Keating Greece, News Feather Story 2015

Greece and Europe agree to potential proposal.

Source article on CNN.com

Cut-off from bailout funds, Greece is bankrupt and desperate for a new bailout from the EU.

  1. Since 2010, Greece has received ~€233 billion from the EU.
  2. Despite that, Greece is still in massive debt.
  3. Last week, the EU cut Greece off from more bailout funds.
  4. Greece is bankrupt. Banks are closed & withdrawals are limited.
  5. Greece will either leave the EU or agree to new bailout terms.
  6. Today, Greece and EU leaders agreed to a $96 billion proposal.
  7. The proposal includes new taxes and cuts to pensions.
  8. Greek Prime Minister has to pass the proposal in parliament.
  9. Other EU nations will have to pass the proposal as well.
  10. Then the formal negotiations on the new package can start.

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