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The Second Economic Adjustment Programme for Greece, usually referred to as the second bailout package or the second memorandum, is a memorandum of understanding on financial assistance to the Hellenic Republic in order to cope with the Greek government-debt crisis.
Greece–Pakistan relations are foreign relations between Pakistan and Greece. Pakistan's first embassy in Athens was opened in 1975. Greece established an embassy in Islamabad in 1987.
Chinese officials blamed the West for Pakistan’s economic crisis, [104] and state media continues to talk about the strengths of the China-Pakistan Economic Corridor. [105] “Only China has given a full plan. From this perspective, it is the Western world that ‘abandoned’ Pakistan, and China is the one that extended a helping hand.
Greece recognizes Kosovo as a part of Serbia. Greece is one of the most important economic investors in Serbia, mainly in financial, telecommunication, energy and construction sector. Greece will participate in financing construction of the Corridor 10 highway in Serbia with 100 mil. EUR in total which is a part of its Hellenic Plan for the ...
For the next 15 years, from 1993 to 2007 (i.e., before the Financial crisis of 2007–2008), Greece's government debt-to-GDP ratio remained roughly unchanged (the value was not affected by the 2004 Athens Olympics), averaging 102% [107] [117] - a value lower than that for Italy (107%) and Belgium (110%) during the same 15-year period, [107] and ...
Greece faced a sovereign debt crisis in the aftermath of the 2007–2008 financial crisis.Widely known in the country as The Crisis (Greek: Η Κρίση, romanized: I Krísi), it reached the populace as a series of sudden reforms and austerity measures that led to impoverishment and loss of income and property, as well as a humanitarian crisis.
During that period economy of Pakistan remained in poor shape and Pakistan had to go to IMF again for record third in the period of Bhutto government. [3] As per few sources, this was the most corrupt government in the history of Pakistan. This time Pakistan got an amount of US$294,690 (equivalent to $589,251 in 2023) on 13 December 1995. [3]
The Greek economic program was a macroeconomic stabilization with reforms including higher taxes on the middle class and pension cuts amounting to 3.5 percent of GDP (or surplus) until 2022. The Greek government promised to relax capital controls and preserve labor-market reforms, liberalizing Sunday trade and facilitating investment.