Greece faces moment of truth in last minute debt talks.
Greece is facing its last chance to unlock more bailout funds at a meeting of European leaders and finance ministers tonight.
If no resolution is reached, Athens will almost certainly miss a repayment to the IMF, pushing it into default and possibly out of the eurozone.
Five years of tough austerity has seen Greece's economy shrink by a third and unemployment almost triple - from 9.1 per cent in January 2009 to 25.4 per cent in February this year - driving tens of thousands of Greeks below the poverty line.Greece owes a staggering 320 billion euros - almost 180 per cent of its gross domestic product (GDP), the key measure of national income.
The nation is running out of money quickly as its debt bills stack up and it desperately needs its creditors to release a second bailout worth 7.2 billion euros.
original post found herhttp://www.abc.net.au/news
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