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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s