2. GREECE EU
GREEK BANKS
RATIONED
ClossJune 29,
REFORM PLAN
GREEK BANKS HAVE BEEN
CLOSED SINCE JUNE 29
GREECE SENDS REFORM PLAN TO
EU PROMISING NEW TAX HIKES
when capital controls were
imposed and cash
withdrawals rationed after
the collapse of previous
bailout talks.
3. GREECE IMF
loan
repayment
Financial Aid
IMF LOAN
Greece defaulted on an IMF
loan repayment the following
day and now faces a critical
July 20 bond redemption to
the ECB of 3.49 billion euros,
which it cannot make without aid.
4. 240 BILLION EUROS240 BILLION EUROS
240 Billion
25%
The country has had two bailouts
worth 240 billion euros from the
euro zone and the IMF since 2010,
but its economy has shrunk by a
quarter, unemployment is more
than 25 percent and one in
two young people is out of work.
5. GREEK GOVERNMENT
EU
Votebankruptcy
00:01
REFORM
The Greek government sent a package of reform proposals to its euro zone creditors on
Thursday in a race to win new funds to avert bankruptcy and will seek a parliamentary
vote on Friday to endorse immediate actions.
6. EU
53.5 billion
2018
REPROFILING
SURPLUS TARGETS
IMF
In the latest proposals, Greece has asked for 53.5 billion euros ($59 billion) to help cover
its debts until 2018, a review of primary surplus targets and "reprofiling" the country's
long-term debt.
7. EURO ZONE
EURO ZONE GIVES GREECE UNTIL
SUNDAY FOR FINAL DEBT DEAL
EU
Euro zone gives Greece until Sunday for Final debt deal
8. LAWS PASSED
APPROVE THE SECOND PACKAGE OF REFORM MEASURES.
Greece to open bailout talks as recession pushes goals further After another marathon
session that ended in the early hours of Thursday, the Greek parliament
voted overwhelmingly to approve the second
package of reform measures.