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Greece faced a sovereign debt crisis in the aftermath of the financial crisis of 2007–2008. 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".
May 17, 2020 · The Greek debt crisis is the dangerous amount of sovereign debt Greece owed the European Union between 2008 and 2018. In 2010, Greece said it might default on its debt, threatening the viability of the eurozone itself.
- Kimberly Amadeo
Greece’s chronic fiscal mismanagement and resulting debt crisis has repeatedly threatened the stability of the eurozone.
- James Mcbride
2 days ago · Growing dissatisfaction with the draconian budget cuts, reductions in benefits and pensions, and tax increases, as well as with Papandreou’s handling of the crisis in general, led to more strikes and demonstrations in Athens, Thessaloníki, and elsewhere in the country.
Jun 17, 2016 · Since Greece’s debt crisis began in 2010, most international banks and foreign investors have sold their Greek bonds and other holdings, so they are no longer vulnerable to what happens in...
May 18, 2023 · Get the latest news, analysis and opinion on Greece debt crisis.
Aug 20, 2018 · In 2010, the country revealed its sky-high deficit and was frozen out of bond markets. What happened next? Greece asked for a financial rescue by the European Union and International Monetary...
