Greece On The Verge Of Third Bailout ?
As the uncertainty in the Eurozone over the fate of Greece has loomed large all week, there are indications that Greece might have just done enough to secure a third bailout with its new proposal to the Eurogroup.
The pressure is on cash strapped Greece to find a way around its debt crisis with the tough decision of either staying in the Eurozone of pulling out completely. Either decision presents tough courses of action for Greece with its prime Minister promising citizens that they will weather the storm.
PM Alexis Tsipras has submitted a new proposal which Greece’s European creditors seem to agree with and there’s a deadline of Saturday to announce their decision.
While the uncertainty continues, the life of the average Greek gets tougher as the banks have run out of cash and food supplies are rumored to be at an all time low.