The Greek Question: What You Should Know
Published: January 23, 2015
Updated: August 19, 2019
The biggest question facing Europe in the wake of the ECB quantitative easing package is what will the Greeks decide to do? Greece is holding an election this Sunday, January 25, that could determine the country's future in the European Union. If the opposition party, Syriza, maintains its lead in the polls and is elected, the party leaders have promised to be anti-austerity and to ignore the previous administration's obligations to pay back its bailout loan relating to financial crisis of 2008. Many fear that if Greece exits the EU, other countries may follow, ultimately unraveling the currency union. Amid all the drama, one thing is for certain: Everyone will be watching on Sunday to find out what will happen with Greece.
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