Greece is practically bankrupt right now and only ECB (European Central Bank) and IMF (international Monetary Fund) Credits are keeping the system somehow up. Greece is part oft the European Union and changed its “Drachme” currency to the Euro some years ago. Due to this also their debts are in Euro and they can not just print more money to pay them back, like the US Federal Reserve does massively. This is why a “Grexit” – meaning an exist from Greece out of the currency union – is no solutions to the dept crisis. But the credits to the government are actualy just helping the banks. People in Greece are suffering from unemployment and even hunger spreas arount. People are desperate, shops are closing and businesses are giving up.
The Great Euro Crisis