EU and IMF Demand More Austerity Measures from Greece

‘Officials from the European Union (EU) and International Monetary Fund (IMF) agreed Friday to a take a unified hard line against Greece, as the country’s debt crisis worsens.
The Syriza government must make a further €7 billion payment to its creditors by July or risk default on its entire debt, which remains at a staggering €330 billion.
Greece continues to drown in debt because virtually every cent of the €300 billion in loans received over the last seven years as “bailouts” have been siphoned off to service its debt to banks and financial institutions that continue to draw interest.’
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