The news from Athens is coming thick and fast. Greek voters comprehensively rejected a bailout proposal from creditors yesterday (July 5), setting the stage for yet another showdown between the government and its creditors. Greece’s membership in the euro zone, and the fate of its economy in general, hangs in the balance.


The news from Athens is coming thick and fast. Greek voters comprehensively rejected a bailout proposal from creditors yesterday (July 5), setting the stage for yet another showdown between the government and its creditors. Greece’s membership in the euro zone, and the fate of its economy in general, hangs in the balance.
If you’re not sure what all that means, read on—we’re here to help. Glued to Greece’s bailout saga, Quartz has compiled a handy rundown of some key pieces to get you up to speed on all the ins and outs.
It was a long time coming:
Not exclusively, but that is indeed a big problem:
It was a high-stakes gamble by the prime minister…
Put simply, they’re almost out of money…
…so they had to shut their doors, possibly for a very long time:
Probably not. The IMF basically gave up hope last week:
Greece might leave the euro zone and start printing drachmas again…
…which would make things even worse than they already are:
Finance minister Yanis Varoufakis? He quit today, having outlived his usefulness as the government’s “bad cop”:
Bring cash. Lots of it:
How about some bad poetry?
For even more of Quartz’s coverage on the Greek debt crisis, click here and start scrolling…
Join 500,000+ readers who start their day with Quartz.
By subscribing, you agree to our Terms of Service and Privacy Policy.