Sunday 18 November 2018
Home      All news      Contact us      Chinese
todayonline - 3 month ago

Greece set to exit bailout, still faces daunting challenges

ATHENS - Greece exits the last of its three bailouts on Aug. 20 and hopes to be able to borrow again in international markets after a nearly nine-year debt crisis that shrank the economy by a quarter and forced it to implement painful austerity measures. The crisis has proven deeply traumatic for Greeks who had enthusiastically swapped drachmas for euros in 2001. Adoption of the single currency ushered in an era of cheap credit that funded a splurge in private consumption and public spending t

Related news

Latest News
Hashtags:   

Greece

 | 

bailout

 | 

still

 | 

faces

 | 

daunting

 | 

challenges

 | 
Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)

Sources