Serious Greek financial crisis- banks to close

It appears that the Greek financial crisis has ratcheted up further. EU is unwilling to bail them out on Greece’s terms. A bank GreekCurrencyBurnrun, has prompted a closure of banks and stock exchanges for 6 days.

How does this effect you?  A continuing chain reaction throughout Europe could impact the U.S. economy, too. So, far, EU had previously bailed Greece out, but now is refusing. Other nations are almost as weak. Greece has been unwilling to implement the austerity measures demanded by creditors.

 

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