Posted July 20, 2015 06:35:50 | Updated July 20, 2015 07:15:17
Greece's debt woes have been a longstanding problem, but the situation escalated over the European summer, as the country looked likely to default on its loans.
After a record 17 hour Euro Summit meeting an agreement was reached on a third Greek bailout to avoid default, and in the short term the situation appears to have stabilised.
But what does it all mean, and how did we get here?
ABC Fact Check takes a look.
Topics: business-economics-and-finance, world-politics, greece
Posted August 09, 2013 11:45:43 | Updated August 22, 2013 10:18:29
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