Europe’s Race Against ‘Grexit’

As the clock ticks on, the European Union and Athens are once again lining up last minute efforts to prevent Greece from going over the cliff into the unknown and etch a sorry chapter in the 16-year history of the euro. The Greek government has submitted a request for a two-year bailout, along with debt restructuring. Eurogroup is set to hold an emergency conference call at 7 pm Brussels time.