Brian Matta
All posts from Brian Matta
Brian Matta in Brian,

Greece Flip-Flopping

Everyone called Greece's bluff and now that Greece has defaulted everyone is scrambling to save themselves. For the first time in five years, Greece is on it own. Now that the country has defined the eurozone and the IMF Greece has cut itself off from the european bailout fund. Greece is also unable to borrow from world markets because its interest rates are 15%. 

According to CNN, The European Union didn't want Greece to end up like this. The referendum for Greece to keep paying its debt or not didn't turn out the way Europe wanted it. The other european countries wants Greece to vote "yes" and stay in the eurozone, but the country voted "no." 

For more news on Greece, click here.