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At a 21 July 2011 summit in Brussels, Eurozone leaders agreed to extend Greek (as well as Irish and Portuguese) loan repayment periods from 7 years to a minimum of 15 years and to cut interest rates to 3.5%. They also approved an additional €109 billion support package, with exact content to be finalized at a later summit. [180]
A company of citizens : what the world's first democracy teaches leaders about creating great organizations. Boston. Meier C. 1998, Athens: a portrait of the city in its Golden Age (translated by R. and R. Kimber). New York; Ober, Josiah (1989). Mass and Elite in Democratic Athens: Rhetoric, Ideology and the Power of the People. Princeton.
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 ...
The determination of the Greek leaders to implement the new austerity package was however doubted. For example, Antonis Samaras (leader of New Democracy) talked about renegotiating the deal, despite voting for the package. Because of this uncertainty, Eurozone finance ministers demanded that Greek main politicians sign a written assurance for ...
On 3 November, Papandreou canceled the referendum plans, saying that a referendum was unnecessary as the opposition New Democracy Party had indicated that it would support an agreement with European leaders on writing down Greece's sovereign debt in exchange for the adoption of austerity measures and a commitment to maintaining the euro. [27]
The Democrats have applied to participate in elections, which was rejected by the Supreme Court and the party participated regularly in the national elections of 2009. In 2011, participated as co-founders of the party Recreate Greece , whose ballots participated in the elections on May 6, 2012 and 17 June 2012 to 44 candidates, continuing the ...
During the Classical era and Hellenistic era of Classical Antiquity, many Hellenic city-states had adopted democratic forms of government, in which free (non-slave), native (non-foreigner) adult male citizens of the city took a major and direct part in the management of the affairs of state, such as declaring war, voting supplies, dispatching diplomatic missions and ratifying treaties.
The anti-austerity movement in Greece involved a series of demonstrations and general strikes that took place across the country. The events, which began on 5 May 2010, were provoked by plans to cut public spending and raise taxes as austerity measures in exchange for a €110 billion bail-out, aimed at solving the Greek government-debt crisis.