Greece Economic Crisis
                                         
We have come across first time that" The economic crisis of bankruptcy is being faced by any developed country in the world". The Greece in verge of becoming defaulters in paying the  IMF Loan, and Loans from European Countries. Besides that Greece  has to pay 240 Million Euro loan given by the European Central Bank .
                                               Greece is going through worse economic recession with several austerity measures like cash withdrawal restriction  of $67/- per week from  ATM and 120 Euro per week from the Banks (i.e. Who do not have debit card)receptively. The banks capital are dangerously low.
                                                In view of above  economic crisis even the emergency liquidity Assistance of 90 Million Euro from European Central Bank is also in danger.
                                                  European Union is also worried due to above crisis.  The France President  Hollande  said that ' It is not the problem of Greece but it is the future of European Union is at the stake.' The president of  European Union Donald Tusk  believes that ' It may be the most critical  moment of the history.'
                                                    The people of Greece are fed up with the austerity measures and they have voted  by 64 %  against the further  austerity measures.  The Greece is near standstill and creditors are giving long rope to Greece in order to obtain a viable proposal for taking out of the financial crisis
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