5 things to know about a ‘Grexit’

Greece Financial Meltdown

Greece’s five-year dance with its European creditors appears to finally be reaching a climax. The continent’s leaders are presenting a hard-nosed ultimatum: To get more bailout money, the debt-wracked country must propose a package of tax increases, pension cuts and other economic reforms by Thursday and come to a final agreement by Sunday or face bankruptcy and likely ouster from the euro currency. A Greek exit — “Grexit” — from the 19-nation currency bloc seems more possible than ever.

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