FIRST AIRED: June 15, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
>>
SOUND]>>
Greece's older generation are among the hardest hit by their country's debt crisis. Over the past seven years, pensions for the elderly have been cut up to 40%. The most recent round of austerity saw them reduced even further, forcing many here into poverty. This austerity, payment for repeated bailouts from Greece's international lenders, who are now preparing to unblock another 8.5 billion euros in loans.
00:00:29
Athens desperately needs it, and soon, with new debts to pay in July. But Euro's own finance ministers meeting in Luxemburg kicked the debt relief can down the road. For Germany, the biggest contributor to the bailout, it's been a hard sale with elections in September it doesn't want to anger bailout weary voters, and insists IMF joins the effort.
00:00:51
But before getting involved, the IMF has a list of demands, mostly importantly, clarity and details from the Eurozone, and what debt relief it will offer when the bailout ends. The Greek government says, debt relief will not only help the country recover, but also give a lift to the Greek people.
00:01:09
Hope, their protesters need now more than ever.