I just can't read 50 articles that are all 50 pages long. So im just wondering about what is happening over there.
Most Helpful Guy
From what I heard the Greek government was giving people lots of benefits and started to run out of money so they took loans. The previous prime minister of Greece tried to fix the economy through extreme austerity measures. The new prime minister got elected because he said no to austerity measures. The EU said the only way Greece will be able to pay back it's loan is if it puts austerity measures. So for the past few months it was a back and forth of the EU saying "do it" and the Greek Prime minister saying "no give us another option".
To put pressure on the EU, Greece held a referendum to show that they don't want anymore austerity measures since people are already in a bad position economically, there are a lot of people starving and jobless so austerity would only make things worse. The EU doesn't want Greece to default since that would affect the Euro and mean that Greece would most likely have to leave the EU and use their own currency.
If Greece does leave, what's stopping Italy or Portugal from leaving? The EU was meant to be a permanent union so now they are very scared.
Greeks don't want to leave the EU they want a solution but so far even the best economists in the world don't know how to fix the problem.0