Tuesday, November 1, 2011

Greek Referendum

This week there has been a lot of discussion about Greek debt and the Eurozone bailout they have been offered. Last week, in an emergency meeting the EU decided on loans worth 130 billion euros and a 50-percent debt write-off. The referendum means that Greek voters will get to decide if they are willing to accept the European Union's offer- and this belief has caused many people, including Alexander Stubb the Finnish minister for European affairs, to believe that allowing a referendum may almost equal a vote on Greece's eurozone membership.
What are the repercussions of the bailout to Greece? How will this beginning bailout influence the EU's decision making when it comes to other countries facing crisis? What will happen to the current government in Greece due to all this turmoil?

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