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MSNBCW Melissa Harris-Perry July 12, 2015



market anymore. all in all, it wasn t a big deal for the actual stock market. in the rest of the world, markets are in an upheaval. in china markets have been in a three-week crash losing a third of their value, or $3 trillion. we ll get to that but first i want to turn to a different part of the world: greece. the greek government is trying to scramble back from the brink after defaulting last week on a major debt payment of the imf. banks have been closed for the last two weeks and people have been limited to $60 a day from the atms. they are asking their fellow european members for more loans over what would be the third bailout since the greek debt crisis back in 2010. they ve already received two bailouts in the last five years. the country has not recovered. unemployment is 26% and 51% for people under the age of 25. now greece is asking for a new bailout and restructuring of its debt. it costs another 70 billion euro. its proposal includes several austerity measu ....

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