Greek Bailout in Trouble
BY KATIE BRENNAN You’re watching multisource world politics video news analysis from Newsy. Greece is still struggling to stay afloat in the European economy, but may pull out of the one plan in the works to keep it alive. The Financial Post explains… “Greece warned on Friday it may opt out of a debt swap crucial to its second international bailout if too few investors rally behind it raising the ante on the stricken country’s 150 billion euro ($215 billion) lifeline.” The swap requires investors to accept longer-dated plans than they had purchased, making it a little easier for Greece to repay the bonds. Greece said Friday– if its target percentage of private sector investors do not participate, it will walk away from the deal