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You can find the current article at its original source at http://www.theguardian.com/world/2015/jun/05/greece-and-the-eurozone-how-is-it-affecting-you
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| Greece and the eurozone: how is it affecting you? | |
| (about 2 hours later) | |
| Greece this week moved closer to a possible exit from the eurozone. The country’s government told the International Monetary Fund it would not be making a debt repayment of €300m (£219m) due on Friday. | Greece this week moved closer to a possible exit from the eurozone. The country’s government told the International Monetary Fund it would not be making a debt repayment of €300m (£219m) due on Friday. |
| As the Guardian reported on Thursday night: | As the Guardian reported on Thursday night: |
| The move came as the Greek government reacted angrily to what was seen as an ultimatum from its creditors – including the IMF – that demanded further austerity and unpopular reforms to VAT, pensions and wage bargaining as the price for €7.2bn in fresh financial help. | The move came as the Greek government reacted angrily to what was seen as an ultimatum from its creditors – including the IMF – that demanded further austerity and unpopular reforms to VAT, pensions and wage bargaining as the price for €7.2bn in fresh financial help. |
| By Friday morning, George Stathakis, Greece’s economy minister, said he was determined that the country would stay in the eurozone: “We have a mandate from the Greek people to go on, to try to change the terms of the agreement. Greece has to remain in the euro, otherwise we do not have any mandate to take action.” | |
| He explained that the country could afford to repay the debt on deadline, but decided not to in the face of demands by lenders to overhaul its economy. The terms from creditors included public spending cuts, and tax rises worth 2% of GDP, through changes to pensions and VAT. | He explained that the country could afford to repay the debt on deadline, but decided not to in the face of demands by lenders to overhaul its economy. The terms from creditors included public spending cuts, and tax rises worth 2% of GDP, through changes to pensions and VAT. |
| As politicians and international creditors decide the future of Greece, we want to hear from people living in Greece about how they are affected. What do you hope happens? What do you think of the lenders’ proposals? What impact do the actions of the Greek government at this time have on you? | As politicians and international creditors decide the future of Greece, we want to hear from people living in Greece about how they are affected. What do you hope happens? What do you think of the lenders’ proposals? What impact do the actions of the Greek government at this time have on you? |
| Share your story with us and help us understand what’s happening where you are in Greece. You can share text, pictures and video using the blue GuardianWitness contribute button on the page or visit this link. | Share your story with us and help us understand what’s happening where you are in Greece. You can share text, pictures and video using the blue GuardianWitness contribute button on the page or visit this link. |