Thursday April 25, 2024 | Last Update: April 25, 2024 EDT
The White House is pushing for a compromise between Greece and its creditors in Europe on concerns that the country's exit from the European Union will cause more than just economic problems in the region.
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Greece closed its banks and imposed capital controls, with the government and its creditors unable to agree on a deal for continued support for the country's financial system in exchange for harsher reforms
Greece is nearing financial collapse and the country’s leaders are searching for political solution to stave off bankruptcy. While most of Europe and its creditors are standing firm on demands for fiscal reform, Athens, luckily has found an ally in the United States.
Greece is facing further financial pressure as Germany denies the six month extension request of their eurozone loan programme.
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