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Time is Running Out for Greece
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18.06.2015
Time is running out for Greece to secure the funds it needs to pay a €1.6bn (£1.1bn) loan repayment due to the IMF.
The country's total debt is €320bn so even if a deal is done it would just be a small step on the long hard road ahead.
So what would happen in the event of a Greek default? Could the country leave the euro and begin printing its own money?
If they cannot, Greece could be forced out of the single currency and possibly out of the EU as well.
The country's total debt is €320bn so even if a deal is done it would just be a small step on the long hard road ahead.
So what would happen in the event of a Greek default? Could the country leave the euro and begin printing its own money?
If they cannot, Greece could be forced out of the single currency and possibly out of the EU as well.
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Виж по-малко