Greek banks merge as new bailout looms

Two major Greek banks set to merge, despite concerns that the economy is still shrinking.

    To avoid a financial meltdown, the European Central Bank has spent $9 billion to protect Italy and Spain.

    In Greece as the new financial forecasts show the economy is still shrinking, the European Union and the International Monetary Fund are discussing whether the government has done enough to warrant more emergency funds.

    Al Jazeera's Barnaby Phillips reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Meet the deported nurse aiding asylum seekers at US-Mexico border

    Meet the deported nurse helping refugees at the border

    Francisco 'Panchito' Olachea drives a beat-up ambulance around Nogales, taking care of those trying to get to the US.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.