A Level GP Tuition – What’s Going on with Greece?

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• on July 10, 2015
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Over the last 10 years, Greece borrowed lots of money from European banks and from other countries’ governments.

It used the money to run the country, pay for the 2004 Olympic Games and also for things like big pay rises for people who are paid by the government.

But they’ve found it hard to pay it back because when you borrow money, you have to pay what’s called ‘interest’: meaning you pay back more money than you borrowed to begin with.

Many Greeks felt it was unfair to keep paying back the money in the way that they have been doing, because it makes life very hard for ordinary people.

But how have things got this bad?

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