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Greece faced a sovereign debt crisis in the aftermath of the 2007–2008 financial crisis.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.
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 Baltimore bridge collapse probably caused billions in damages. Who owes what may come down to ancient laws from Greece. Nicole Goodkind, CNN. March 31, 2024 at 10:30 AM.
The Kingdom of Greece was dissolved in 1924 and the Second Hellenic Republic was established following Greece's defeat by Turkey in the Asia Minor Campaign. A military coup d'état restored the monarchy in 1935 and Greece became a kingdom again until 1973.
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.