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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.
The Greek government-debt crisis is one of a number of current European sovereign-debt crises. In late 2009, fears of a sovereign debt crisis developed among investors concerning Greece's ability to meet its debt obligations because of strong increase in government debt levels.
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 ...
This trend of banking executives being allowed to skate on criminal charges goes back decades, with perhaps the most famous example being the financial crisis of 2008, when the Feds sent a single ...
National Bank of Greece. In November 2023, the HFSF reduced its stake in NBG from 40.39% to 20,39%. In October 2024, the HFSF sold a 10% stake in NGB and will transfer its remaining 8.4% stake in National Bank to Greece’s sovereign wealth fund at the end of the year. [20] Alpha Bank. In November 2023, the HFSF sold its entire stake of Alpha ...
Current events; Random article; About Wikipedia; ... Pages in category "Greek government-debt crisis" ... 2012–2013 Cypriot financial crisis; 2013 Mediterranean ...
The effects of capital controls changed customer payment habits. Since the controls on withdrawals did not apply to the use of credit/debit cards to make purchases in Greek retail outlets, the average use of credit card transactions jumped from 4.5% to 19.5% in a relatively short time and up to 35% in supermarket transactions with more than 50% of people saying according to the Bank of Greece ...
The Greek's central bank reported that the December 2012 current account. The Bank of Greece has some good news for the PIIGS watchers. We would caution that this good news comes at a hefty price ...