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What hope do you have for Greece's economic recovery?

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 Is Greece's 130 billion-euro bailout package enough to guarantee its economic recovery? (John Kolesidis/Reuters) Greece will receive €130 billion ($171.5 billion) in additional bailout loans to save it from defaulting in March.

The 17 members of the eurozone, who along with the International Monetary Fund will be provide the money, agreed to the bailout Tuesday.

They hope it will eventually put Greece back into a position where it can survive without external support and secure its place in the euro currency union.

Greece risked defaulting on a €14.5 billion bond payment on March 20.

Athens will also ask banks and other investment funds to forgive about €107 billion ($141 billion) in debt.

But neither of these measures guarantees Greece's immediate recovery.

At best, the country is starting a long and painful road to recovery. At worst, it will fall even deeper into recession and default on its debts further down the line.

What hope do you have for Greece's economy? What help do you think this bailout will provide? And how effective do you think bailouts are for helping struggling economies?


(This survey is not scientific. Results are based on readers' responses.)

Tags: POV

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