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July 2, 2015

infographic on greece debt : who lent the country and how much:

"who owns money to greece and by how much"

"list of lenders whom greece does not wish to pay"

"list of lenders whom greece does not wish to pay"
As the greece tragedy unfolds. This infographic  goes behind the scenes to shows  how much greece owned and to whom it owes the money to. The country is 323 billion euros in debt ($352.7 billion) to the International Monetary Fund (IMF), European Central Bank (ECB), and other creditors – more than 175% of its GDP – for an aid package it received during the 2008-2009 global financial crisis. Greece was supposed to have made a $1.8 billion payment by midnight (5 p.m. ET) June 30. Next month, it owes another $3.9 billion.

If debt to GDP ratio measures a country's output and is a symbol of the creditworthiness,Greece has a 174.9% debt-to-GDP ratio. Its Eurozone brethren Italy, Portugal, and Ireland come in high as well, at 132.1%, 129%, and 123.3% respectively.But then Greece refused to pits creditors nor wishes to undertake any austerity measures as it has been elected on a populist platform of doing away with the harsh measured which the earlier government tried to do "