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On 21 June 2018, Greece's creditors agreed on a 10-year extension of maturities on 96.6 billion euros of loans (i.e. almost a third of Greece's total debt), as well as a 10-year grace period in interest and amortization payments on the same loans. [173] Greece successfully exited (as declared) the bailouts on 20 August 2018. [174]
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 ...
"Plan Z" is the name given to a 2012 plan to enable Greece to withdraw from the eurozone in the event of Greek bank collapse. [27] It was drawn up in absolute secrecy by small teams totalling approximately two dozen officials at the EU Commission (Brussels), the European Central Bank (Frankfurt) and the IMF (Washington). [27]
Talks between Greece and the British Museum have been ongoing since November 2021, according to the New York Times, mainly between Kitsotakis and former U.K. finance minister George Osborne, who ...
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The Greek economic miracle (Greek: Ελληνικό οικονομικό θαύμα) describes a period of rapid and sustained economic growth in Greece from 1950 to 1973. [1] At its height, the Greek economy grew by an average of 7.7 percent, second in the world only to Japan .
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Greece played a peripheral role in the Crimean War. When Russia attacked the Ottoman Empire in 1853, Greek leaders saw an opportunity to expand North and South into Ottoman areas that had a Christian majority. However, Greece did not coordinate its plans with Russia, did not declare war, and received no outside military or financial support.