6.19.2015

Greece's Circular Replayment Situation



Greek debt: Fears grow over Greek banks' health
Excerpt:


... the European Commission, the IMF and the ECB are unwilling to unlock bailout funds until Greece agrees to reforms. They want Greece to implement a series of economic changes in areas such as pensions, VAT and on the budget surplus before releasing €7.2bn of funds, which have been delayed since February.
Comment: Image capture from article. An analogy to this at a familial level would be parent to child: "your allowance will stop if you don't clean up your room"

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