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  1. 3 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.

  2. 2 days ago · On 5 July 2015, Greek voters rejected a proposed bailout plan in a referendum that made headlines across the world. Nine years after the referendum, Panagiotis E. Petrakis reflects on the legacy of the crisis for both Greece and Europe. The 2008 financial crisis, initially sparked by subprime mortgages in the United States, subsequently ...

  3. 1 day ago · One of the most remarkable aspects of Greece’s recovery is its exclusion from the European Commission’s Excessive Deficit Procedure, which countries like France and Italy are subject to for keeping deficits over 3%. Greece, once the epicenter of the eurozone debt crisis, is now being spared this scrutiny.

  4. 4 days ago · Greece still has a gobsmacking debt level of 162% of GDP and until that is fixed, it's difficult to say the country is fully recovered. Even more, I suspect Greece has a unique selling-point kind ...

  5. 4 days ago · Graph and download economic data for Central government debt, total (% of GDP) for Greece (DEBTTLGRA188A) from 1997 to 2022 about Greece, debt, government, and GDP.

  6. 2 days ago · Yet economists and analysts say that a chain of events set off by the Covid-19 pandemic created an acute economic crisis in many ... of a debt crisis had ... in Greece , Portugal, Belgium ...

  7. 4 days ago · The economic downturn began in Greece and soon spread to include Portugal, Ireland, Italy, and Spain (collectively, the group came to be known informally as “PIIGS”), threatening the survival of the single currency and, some believed, the EU itself.

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