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The COVID-19 pandemic in Greece was a part of the worldwide pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first case in Greece was confirmed on 26 February 2020 when a 38-year-old woman from Thessaloniki who had recently visited Νorthern Italy , was confirmed to be infected.
The case of Greece shows that excessive levels of private indebtedness and a collapse of public confidence (over 90% of Greeks fear unemployment, poverty and the closure of businesses) [353] led the private sector to decrease spending in an attempt to save up for rainy days ahead.
Some large Greek banks may have to be shut and taken over by stronger rivals as part of a restructuring of the sector that would follow any bailout of the country, European officials have told ...
The term Troika has been widely used in Greece, Cyprus (Greek: τρόικα), [1] [2] Ireland, [3] Portugal, [4] and Spain [5] to refer to the consortium of the European Commission, the European Central Bank and the International Monetary Fund that provided a bailout to these states since 2010, and the financial measures and government policies that the three institutions have demanded to be ...
Siemens Greek bribery scandal, involving cases of bribery on behalf of Siemens towards the Greek Government; Société Générale, derivatives trading scandal causing multibillion-euro losses; Southwest Airlines, violations of safety regulations; SunTrust Banks, "claims of shoddy mortgage lending, servicing and foreclosure practices." [37]
If certain actions were conducted by the Greek authorities, the Eurogroup would seek to finalize the Greek programme on 12 November. [ 100 ] 31 Oct: The government presented a worsened forecast for 2012 and 2013, with real GDP expected to decline by 6.5% and 4.5% respectively, while the debt-to-GDP ratio expected to reach 175.6% in 2012 and 189 ...
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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.