Why Greece's Future Rests On E.U. Commission Meeting
Greece needs money from Europe to avoid defaulting and now has made its formal request. But Germany is against it, so what happens next?By Sebastian Martinez | February 19, 2015
Greece's Prime Minister Alexis Tsipras is in a bit of a tight spot. (Video via Office of the Prime Minister of Greece)
His government sent its official request to the Eurozone Thursday morning to have its loan agreement extended for another six months. (Video via Parliament of Greece)
Greece needs the money to avoid defaulting on its debts, but it doesn't want to stick to austerity measures that Europe, Germany in particular, has attached to the loans.