MILLENNIUM

It could be called one of the world's sharpest two-edged swords: whether to bail Greece out of its debt crisis and ease its financial woes, or leave the country to its own devices and let the chips fall where they may. Unfortunately, the trouble with the latter school of thought is that the remainder of the European countries are likely to end up dealing with their own troubles of an influx of migrants, continued terrorist threats, and whatever fallout would become theirs if Greece continues on the road to crisis... In June 2016, the Board of Directors of the European Stability Mechanism (ESM) authorized a bailout package of 7.5 billion euros, or $8.4 billion, for Greece to keep paying its bills. The country also received pledges of additional aid, which had the effect of easing concerns over a continuing financial crisis... The Board of Directors of the European Stability Mechanism (ESM) authorized a bailout package of 7.5 billion euros, or $8.4 billion, for Greece to keep paying..