News
Hazel Sheffield
Jun 22, 2015
European leaders are holding an emergency summit that could help break the deadlock around the Greek debt crisis.
There is a week to go until the deadline for Greece’s next debt repayment, owed to the International Monetary Fund (IMF). An agreement on Monday will allow time for a new bail-out package to be transferred. A last minute deal might be too late to get the money across in time.
Seven
The number of days Greece has to pay back €1.6 billion IMF repayment or default on its debts, risking an exit from the euro.
€1.6 billion
The debt repayment owed to the IMF by June 30 if Greece is to avoid a default that could result in its exit from the eurozone.
€7.2 billion
Aid package that Greece is fighting to get released, which would allow it to repay the IMF.
€4.2 billion
The amount reportedly withdrawn from Greek bank accounts last week as Greek savers start to worry about their money.
19
The members of the eurozone (countries that use the euro) that must agree on the Greek reforms before further money can be released.
175 per cent
The ratio of Greece’s debt to GDP. Such a high ratio means it cannot produce and trade goods or services without accruing more debt. The debt to GDP ratio of the UK is 90 per cent.
25 per cent
The unemployment rate, or the percentage of people looking for work but unable to get any.
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