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Will The European Union Fall Apart? BIT.LY LINK Subscribe! http://bitly.com/1iLOHml In June, Greece missed a deadline to pay back emergency loans from the International Monetary Fund. So, what is the IMF and what does it do? Learn More: Why the IMF was created and how it works https://www.imf.org/external/about.htm "The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944." IMF Members' Quotas and Voting Power, and IMF Board of Governors https://www.imf.org/external/np/sec/memdir/members.aspx "The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country." Can The IMF Solve Global Economic Problems? http://www.investopedia.com/articles/economics/09/international-monetary-fund-imf.asp "The International Monetary Fund (IMF) was founded in 1944 with a primary mission to watch over the monetary system, guarantee exchange rate stability and eliminate restrictions that prevent or slow trade." Subscribe to TestTube Daily! http://bitly.com/1iLOHml _________________________ TestTube News is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubenews Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq Special thanks to Evan Puschak for hosting TestTube! Check Evan out on Twitter: https://twitter.com/TheeNerdwriter/media