TIME TO ACT

Greece on the Brink of Default

Bankruptcy, collapse, default. Just another day in Greece. The nation moved dangerously closer to default late Sunday as it seeks to strike a deal and accept proposed austerity measures by noon on Monday. European leaders are pressuring Greece to make deep spending cuts and market reforms in order to obtain another €130 billion bailout. After five hours of discussion, Greece’s three leaders of the national unity government were still unable to reach agreement. The government did strike a tentative deal to extend spending cuts. It’s being called a “make or break” moment for the nation, as more funding hangs on a “razor’s edge.”