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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.
A referendum to decide whether Greece should accept the bailout conditions in the country's government-debt crisis proposed jointly by the European Commission (EC), the International Monetary Fund (IMF) and the European Central Bank (ECB) on 25 June 2015 took place on 5 July 2015. [1]
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 ...
U.S. stocks rose on Friday on hopes that Greece will be able secure fresh funding to avert bankruptcy and allow it to remain in the euro zone. All three major indexes were up more than 1 percent ...
Richard Drew/AP By Sinead Carew NEW YORK -- U.S. stocks fell sharply Monday in heavy trading, and the S&P 500 and the Dow had their worst day since October after a collapse in Greek bailout talks ...
The Third Economic Adjustment Programme for Greece, usually referred to as the third bailout package or the third memorandum, is a memorandum of understanding on financial assistance to the Hellenic Republic in order to cope with the Greek government-debt crisis. It was signed on 12 July 2015 by the Greek Government under prime minister Alexis ...
Greece: 2012 [14] 2015: Due to the Greek government-debt crisis, Greece failed to make a €1.6 billion payment to the IMF on time (payment was made with a 20-day delay [15] [16]). Russia: 1918: Repudiation of Tsarist debts by Bolshevik revolutionaries. [17] 1998
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