Greece has formally defaulted on a $1.7 billion payment to the International Monetary Fund on Wednesday. Meanwhile, Eurozone finance ministers have also rejected a Greek government call to extend its bailout. How did the Greek crisis intensify to such a big level?<br /><br />In this video, we give you a lowdown on what's happening and what's in store.<br /><br />Video by: Pooja KC<br />Produced by: Pooja KC<br />Motion Graphics: Parvaz Lone<br />------------------------------------------<br /><br />Subscribe to our channel: http://read.ht/fLZ<br /><br />Follow us on Twitter: https://twitter.com/htTweets<br /><br />Like us on Facebook: https://www.facebook.com/hindustantimes<br /><br />Watch more videos at: http://www.hindustantimes.com/video<br /><br />hindustantimes.com © 2015
