Greece's Fate Lies In The Hands Of Its Voters
Greece's international aid package has been cut off, and a referendum on austerity measures could be the country's only lifeline to get it back.By Matt Picht | June 29, 2015
The Greek economy is on the brink of collapse. After financial negotiations crumbled over the weekend, the country is now facing the prospect of default, economic ruin and a potentially catastrophic exit from the eurozone.
But this latest Greek drama was foreshadowed by months and months of troubled talks and brinksmanship, from both Greece and its international creditors. Here's a brief recap in case you're not up to speed.
Greece's economy is being kept afloat by bailout loans from different international agencies. But the country only received that money on the condition that it would enact stringent austerity measures.