Protests as MPs Vote on Austerity Measures

Greece faces a financial crisis, needing €28 billion in spending cuts to secure a bailout loan. Without it, Greece risks bankruptcy. Public protests in Athens reflect widespread opposition to more debt, with many believing the EU and IMF plans are detrimental. The Greek government, led by Prime Minister George Papandreou, struggles with political challenges and a slim majority in parliament. Critics argue that the bailout funds benefit bondholders rather than Greece itself. The potential bankruptcy of Greece poses a threat to larger European economies and the stability of the euro.

What are the main concerns regarding the bondholders in relation to Greece's financial situation?

What fears are associated with Greece potentially going bankrupt?