Greece: what happens next?

The situation in Greece might seem very complex, but it’s actually pretty simple: Greece owes a lot of money that it doesn’t have, and it is being pressured to agree to terms it doesn’t like in order to get the money it needs. It’s not unlike your parents requiring you to clean your room in order to get your allowance. For years now, Greece has been forced to undergo severe cuts to its budgets and programs — commonly known as austerity — in return for money to help pay down its debts.

Read the source article at Mashable


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