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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 ...
The Greek government-debt crisis is one of a number of current European sovereign-debt crises.In late 2009, fears of a sovereign debt crisis developed among investors concerning Greece's ability to meet its debt obligations because of strong increase in government debt levels.
ATHENS (Reuters) -Greece's re-elected Prime Minister Kyriakos Mitsotakis on Thursday pledged his conservative government would "fix the sins of the past" and over the next four years cut taxes ...
The struggling country will vote Sunday on whether to accept painful cutbacks in return for desperately needed financing.
[a] While the Greek government-debt crisis hereby is forecast officially to end in 2015, many of its negative repercussions (e.g. a high unemployment rate) are forecast still to be felt during many of the subsequent years. [111] During the second half of 2014, the Greek government again negotiated with the Troika.
Greek elections have come and gone, with the worst-case scenario of an anti-bailout coalition taking control of the government having not come to pass. Yet, after the Hang Seng (INDEX: ^HSI) index ...
The Greek parliament approved the Prime Minister's request on 10 July, and the completed package was forwarded to the Eurogroup in advance of the scheduled meeting. [67] On Monday, 13 July, the Greek government signed a bailout package including 'worse' terms than the ones rejected via the referendum. [68]