In the summer of 2015, Greece, being forced once again into an unreasonable bailout program by the IMF, the EU and ECB, had had enough. With the support of the people, the government decided to leave the union, and default on all its debts.
In response, the troika yelled foul, and decided to suspend all lending to the ancestral home of democracy. Markets fell sharply around the world, and it seemed that a new financial crisis was beginning. The greeks, however, seemed unconcerned by the panic around them, and, with the help of Russia and China, as well as Brazil, managed to secure enough funds to avoid a complete collapse of their economy. The economic miracle that happened afterwards, however, can only be explained by the solidarity and determination of the once-again free greek people to make it on their own.
As the european union fell into disarray, Greece soon found a steady stream of revenue through increased tourism by its new partners, and was well on the way to recovery. Meanwhile, Spain, hit hardest by the new crisis, decided to exit the EU as well, and was quick to form economic alliances with Greece and its creditors.
Today, almost five years later, half a dozen countries have defected from the EU, and joined the ever-growing number of countries in the asia-focused economic alliance centering on China, Russia, Brazil and South Africa. The USA, afraid by the rapid decline of their allies, have called for reinforced sanction against countries whose government defaulted on their debts. In retaliation, China has asked the US to repay half of the 1'200'000'000'000$ (1.2 trillion $) debt it owes. The U.S. treasury has yet to respond to the demand.