Against the backdrop of the extremely bad news about the Turkish economy, the positive for the Greek stand out. 8 years after the signing of the first bailout plan in May 2010, Greece officially successfully moved out of third. For this period, the IMF, the ECB and the European Union poured into the indebted country nearly 300 billion euros. A part of the investors registered losses in the debt adjustment. The Greeks realized that the flow of European money would decrease over time.
20.08.2018 The European Stability Mechanism (ESM) - the eurozone rescue fund, officially reshuffle that Greece has successfully gone out of its last program. "Today we can safely conclude the EMS program without additional rescue programs, because for the first time since the beginning of 2010 Greece can stand on its feet," said the chairman of the rescue fund management, Mariou Santenu.
Several graphs drawn by Nadya Garbi, economist at Perspectives Pictet, show mixed signals. On the one hand, Greece reports a primary surplus. At the same time there is a significant increase in debt, despite the adjustment.
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