Video of the Day: The Greek Debt Crisis Explained

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If you understand the significance that the Greek debt crisis poses for the world economy, you are probably pondering about the next steps for the country after it and other EU leaders came to a consensus yesterday. If you were like me and didn’t know what a”Grexit” from the world’s largest joint economy would entail, you were probably confused by the fuss. Although the Greek debt crisis has been escalating for a couple of years now, it reached a new level of dire in the past few weeks that has thrust the country into international spotlight. It’s very hard to ignore a news headline when it is all you see, so I decided to take action and find something that would comprehensively explain what is going on. After several unhelpful videos, I found everybody’s favourite teen author’s explanation of the Greek debt crisis and everything clicked into place for me. Hear John Green explain the current event in the video below in less than 8 minutes.