Europe will help Greece - level 2
The situation in Greece is still not good. It is not easy to stop the financial crisis. Greece is so much in debt that some people believe that the finances in Greece will collapse sooner or later.
But the leaders of Europe don’t want to speak about the collapse and they are trying to help Greece. There was an agreement today at 4 o’clock in the morning in Brussels. Angela Merkel and Nicolas Sarkozy know what to do. European banks will have to lose 50 percent of Greece’s debt.
They will lose a lot of money. European countries already sent a lot of money to Greece. Germany sent the biggest money.
There are also other countries with problems like in Greece. These countries are for example Spain or Portugal. When will the financial crisis finish in Europe?
Written by Danny
Interesting words: crisis, debt, collapse, agreement.
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