Nineteen eurozone finance ministers agree to continue talks on debt relief and budget targets for Greece as Greek business owners struggle to cope under existing austerity measures.
The country is being hit by falling commodity prices and higher interest rates after the IMF and World Bank cut financial aid to the country.
Venezuelan President Nicolas Maduro's plan to introduce new banknotes left citizens without cash as the old 100-bolivar notes were cancelled before the larger denomination replacements arrived at banks.
Facing the world's highest inflation, Venezuela's government hopes that replacing the 100-bolivar bill will combat smuggling on its border with Colombia, and help pull it out of economic collapse. The bill is worth less than 2 US cents.
Venezuelan economic crises are not unprecedented and cannot be blamed solely on socialism, Hugo Chavez, or Nicolas Maduro. This is why history keeps repeating itself in a nation so blessed with natural resources.
'We must take all measures to recover productive capacity, which is being paralyzed by the bourgeoisie,' Maduro says addressing his supporters
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