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How Crises and Bailouts Have Changed Greece's Economy

From bloombergquint.com

Greece is about to exit its bailout, a symbolic move past a debt crisis that exploded eight years ago and left the economy, and the lives of its people, completely changed. At the time of the May 2010 aid package -- the first of three -- politicians from euro-area creditor countries argued the crisis was the result of chronic fiscal and economic indiscipline. To justify breaching a “no bailout clause,” loans were tied to strict conditions, covering fiscal sustainability, financial stability, growth and competitiveness, and reform of public administration and justice. So how has Greece performed? Economic Hit While ... (full story)

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  • Category: Fundamental Analysis