July 10, 2015 BY Andrew Saks-McLeod

Alexis Tsipras caves in to austerity to cling onto EU membership. Is this a slippery slope?

Alexis Tsipras is looking at desperate austerity measures to keep Greece in the EU. If Greece leaves, the ECB and IMF will never receive any repayments on the 394 billion euro debt owed by Greece, however if it stays, the Greek population will likely go against any austerity measures, and the Syriza party may look for further bailouts from Europe

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