Greek tragedy

Total Greek debt

An old drachma note and a euro note
Greece is about to get a second bail-out from the EU, aimed at helping pay its debts until 2014. It also has to agree more cuts as part of the deal.

The economy

The opening ceremony at the Athens Olympics
The Greek economy is in dire straits. Retail sales have fallen 18% since 2008 and manufacturing output has dropped 30% in the same period.

Working population

A defunct restaurant for sale in central Athens
Greeks retire on average at 61. Tax evasion is widespread. Until 2010, public sector workers received two months extra pay a year in bonuses.

EU demands

A man with a bag of coins walks past the headquarters of the Bank of greece_crisis
To meet EU demands, Greece must sell 50bn euros-worth of public assets by 2014, equal to 20% of GDP. Public sector pay is being cut 15%.
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