Greece, a country located in the southeastern Europe, which was famous because it was the birthplace of the Olympics and today it is facing a great financial trouble. The country has to pay debt of about 1.5 billion Euros to International Monetary Fund making Greek debt crisis more worsen. When journalists asked the Greece’s Finance Minister Yanis Varoufakis that when will they repay the debt, he replied that the country would not make the deadline now for a key payment to the IMF.
In order to understand about this crisis we should first look at some of the events that had occurred previously due to which Greece is facing such crisis. Greece was the 12th country to join the [...]