{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Greek economists fear the financial future' data-url='/boclips/videos/6878efb0efa60ff713f2420d' data-video-url='/boclips/videos/6878efb0efa60ff713f2420d' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nGreek economists fear the financial future\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEurozone finance ministers have agreed to a modicum of debt relief for struggling Greece, but there is division on the exact reforms required to hit fiscal targets.   What caused the Greek bailout crisis? #EU #IMF #...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEurozone finance ministers have agreed to a modicum of debt relief for struggling Greece, but there is division on the exact reforms required to hit fiscal targets. \u003cbr/\u003e\u003cbr/\u003e  What caused the Greek bailout \u003ca href='https://t.co/LlNBLxWdnk' target='_blank' rel='nofollow'\u003ecrisis?\u003c/a\u003e #EU #IMF # pic.twitter.com/wJNdytwzTl— The Market Mogul (@The_MarketMogul) November 18, 2016\u003cbr/\u003e\u003cbr/\u003e The Eurogroup has met to asses how far the country has advanced with reforms before the next tranche of loans are released.  \u003cbr/\u003e\u003cbr/\u003e A second review looking at potential changes to Greek labour laws is still ongoing:Napoleon Maravegias is Professor of European Economics at the University of Athens:\u003cbr/\u003e“Once the second review of the program is completed too, and one way or the other it will be completed, things will get better. We will see improvement in the investment environment, QE, return to the financial markets. In a couple of years we will feel this in our pockets. But don’t get the idea that we are talking about a state of prosperity.”\u003cbr/\u003e\u003cbr/\u003e  #EU and #IMF in effort to unblock #Greek #bailout \u003ca href='https://t.co/HIPMmCNOiU' target='_blank' rel='nofollow'\u003etalks\u003c/a\u003e pic.twitter.com/ghabU3cAvJ— EnaBanda (@EnaBanda) November 23, 2016\u003cbr/\u003e\u003cbr/\u003e The ECB believes that the 3.5 percent target for the budget surplus excluding debt-servicing costs is achievable within the bailout time frame.\u003cbr/\u003e\u003cbr/\u003e Something the Greek government baulked at or so it seemed, euronews reporter Symela Touchtidou is in Athens: “The Greek Prime Minister Alexis Tsipras said in June: “It is absolutely impossible to maintain a primary surplus of 3.5% after 2018 if we are not to drown the Greek economy.” Now the government has made a 180 degree turn and has committed to this target for the forseeable future.”\u003cbr/\u003e\u003cbr/\u003e Economists fear the constant  tax hikes are killing business and with it the Greek economy.\u003cbr/\u003e\u003cbr/\u003e Michael Massourakis is Chief Economist of the Hellenic Federation of Enterprises:\u003cbr/\u003e“In 2017, we expect new taxes of 2,5 billion euros. We worry about the effects of this taxation on economic activity. Any government trying to achieve ambitious goals like the surpluses of 3,5%, if they continue to increase taxation they might kill the Greek economy for good.”\u003cbr/\u003e\u003cbr/\u003e  Greek anarchists on the Nov. 17 riots/clashes in their own words, not thru the lens of the \u003ca href='https://t.co/HndcdVIwnv' target='_blank' rel='nofollow'\u003emedia\u003c/a\u003e #greece #anarchist pic.twitter.com/3ReGgjLDBz— sprout distro (@sproutdistro) November 30, 2016\u003cbr/\u003e\u003cbr/\u003e Ordinary Greeks feel shackled by the bailout and burdened by debt, frustration and anger. \u003cbr/\u003e\u003cbr/\u003e Protest is always in the air, the latest general strike in the country goes ahead on Thursday.\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star-half-stroke text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt class=\"educator-rating-title\"\u003eEducator Rating\u003c/dt\u003e\u003cdd\u003e\u003cdiv class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=91036424\u0026amp;resourceable_type=Boclips%3A%3AVideoMetadata\"\u003e\u003cspan class=\"not-yet-rated\"\u003eNot yet Rated\u003c/span\u003e\u003c/div\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eMedia Length\u003c/dt\u003e\n\u003cdd\u003e2:02\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eGrade\u003c/dt\u003e\u003cdd title=\"Grade\"\u003e9th - Higher Ed\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSubjects\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?grade_ids%5B%5D=259\u0026amp;grade_ids%5B%5D=255\u0026amp;grade_ids%5B%5D=256\u0026amp;grade_ids%5B%5D=257\u0026amp;grade_ids%5B%5D=258\u0026amp;search_tab_id=1\u0026amp;subject_ids%5B%5D=358379\"\u003eSocial Studies \u0026amp; 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