Greece Receives Another Bailout Greece Receives Another Bailout Greece Receives Another Bailout Greece Receives Another Bailout

Greece is receiving another bailout because the country does not have the means to pay 14.5 billion euros to its bondholders. Hillary Walsh, economic, finance and trade manager at Euromonitor International, explains that this particular bailout is very important to Greece, which has been in recession for five years. This new bailout requires that the Greek government fire 150,000 public sector workers by 2015, cut minimum wage by 22%, and lower pensions of more than 1,300 euros by 12%. In return for meeting these conditions Greece has arranged a debt swap for private bondholders. Based on the terms of the bailout, the European Union, the International Monetary Fund and the European Central Bank hope there will be no negative financial repercussions for the rest of the Eurozone.Lots of brands claim to be number one… but can they prove it?At Euromonitor International, we help brands build trust through evidence-based research. Our claim validation service ensures your marketing messages are backed by real data. Stand out in a crowded market. Visit euromonitor.com/claims to learn more.