Greek debt crisis: Everything you need to know

June 25, 2015 8:11 PM

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Greece must come up with a loan payment of $1.8 billion to the International Monetary Fund by Tuesday to avoid a default. Greece and its creditors are still squabbling over a final deal as the clock ticks and next week's deadline looms.

Just like a household that spends more money each month than it brings in, Greece has piled up a mountain of debt by spending beyond its means.

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