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The Greek government-debt crisis began in 2009 and, as of November 2017, was still ongoing. During this period, many changes had occurred in Greece. The income of many Greeks has declined, levels of unemployment have increased, elections and resignations of politicians have altered the country's political landscape radically, the Greek parliament has passed many austerity bills, and protests ...
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.
Debtocracy. Debtocracy (Greek: Χρεοκρατία Chreokratía) is a 2011 left-wing documentary film by Katerina Kitidi and Aris Chatzistefanou. The documentary examines the causes of the Greek government-debt crisis in 2010 and advocates for the default of "odious debt".
Varoufakis's view on Greece's public debt, and the 2010 crisis which began as a result of the Greek government's inability to fund it, was that EU bailouts were attempts to take on the largest loan in history on condition of austerity measures that would shrink the incomes from which old, un-serviceable loans and new bailout debts would have to ...
The average rate of inflation in Greece during the 80s was 19%, which was three times the EU average. The Greek budget deficit also rose very substantially during the 80s, peaking at 9% in 1985. [21] In the late 80s Greece implemented stabilization programs, cutting inflation from 25% in 1985 to 16% in 1987.
v. t. e. A referendum to decide whether Greece should accept the bailout conditions in the country's government-debt crisis proposed jointly by the European Commission (EC), the International Monetary Fund (IMF) and the European Central Bank (ECB) on 25 June 2015 took place on 5 July 2015. [1] The referendum was announced by Prime Minister ...
As protests from Greece's enraged public heat up and rioting in Athens turns deadly, and European political leaders bicker on, a predictable story is playing out in the financial markets. Currency ...
t. e. The Third Economic Adjustment Programme for Greece, usually referred to as the third bailout package or the third memorandum, is a memorandum of understanding on financial assistance to the Hellenic Republic in order to cope with the Greek government-debt crisis.