Greek Leaders Optimistic Debt Repayment Plan Can Be Reached
Greek officials are attending a last-minute summit with foreign leaders Monday as the country works to pay back 1.6 billion euros by June 30.By Matt Moreno | June 22, 2015
Greek officials are holding an emergency meeting in Brussels Monday as the country continues to search for solutions on paying back €1.6B.
Greece's next big payment is due June 30 to the International Monetary Fund. A default on that would likely force Greece to stop using the euro, which would wreak havoc on the banks that the European Central Bank currently has on life support. (Video via Al Jazeera)
Talks between Greece and foreign leaders have been deadlocked for the past five months, but Monday's marathon meeting could help the two sides find common ground. Greece's Prime Minister is reported to have a potential deal on the table. (Video via Syriza)