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The first austerity package was the first in a row of countermeasures to counter the Greek government-debt crisis. It was approved by the Hellenic Parliament in early 2010. The purpose was to reduce the budget deficit. These measures preceded the First Economic Adjustment Programme for Greece known as "memorandum".
According to the CIA World Factbook and Eurostat: Greek GDP fell from €242 billion in 2008 to €179 billion in 2014, a 26% decline. Greece was in recession for over five years, emerging in 2014 by some measures. This fall in GDP dramatically increased the Debt to GDP ratio, severely worsening Greece's debt crisis.
Tourism in Greece has been a key element of the economic activity in the country, and is one of the country's most important sectors.Greece has been a major tourist destination and attraction in Europe since the 1970s for its rich culture and history, which is reflected in large part by its 18 UNESCO World Heritage Sites, among the most in Europe and the world [1] as well as for its long ...
Chalkidiki (/ kælˈkɪdɪki /; Greek: Χαλκιδική, romanized: Chalkidikḗ [xalciðiˈci], alternatively Halkidiki), also known as Chalcidice, is a peninsula and regional unit of Greece, part of the region of Central Macedonia, in the geographic region of Macedonia in Northern Greece. The autonomous Mount Athos region constitutes the ...
Rooms here are slick and trendy. From £1,242pp including seven nights’ accommodation, all-inclusive, return flights from Manchester, one piece of checked luggage per person and airport ...
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