Bailouts
Greece
April 23, 2010: Greece Enters the Bailout and Austerity Era
On April 23, 2010, Greece entered the bailouts era by asking its EU partners and the IMF to rescue its economy that went bankrupt.
The dramatic call for help was made from the tiny Aegean island of Kastellorizo by then...
Economy
Greece Formally Exits Bailout Era After 12 Years of Pain
Greece formally exited the bailout era on Saturday as the "enhanced surveillance framework" imposed by the EU was lifted after twelve years of painful austerity.
In a message on Twitter, President of the European Commission Ursula von der Leyen hailed...
Economy
ESM Lauds Greek Economy's Achievements, Warns About Future Measures
The European Stability Mechanism (ESM) published its annual report for the year 2018 on Thursday.
The European Institution praised Greece for its recent efforts strengthen the country financially, noting that 2018 was a landmark year for the country, mostly due...
Education
Teachers Witness the Affect of the Bailouts on Greek Students' Dreams for the Future
With the continuing cycle of one bailout after another, the youth in Greece is being hit harder than ever. School aged children might be too young to work and feel the effects of the shrinking and practically nonexistent job...