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RSS FeedsThe Greek Tragedy Is Far From Over
(WorldNews Greece)

 
 

9 august 2018 22:18:11

 
The Greek Tragedy Is Far From Over
(WorldNews Greece)
 


Last week, Greece received $17 billion from its creditors, representing the final installment of the country´s third bailout since 2010. This is the last one. Really. Stop laughing. There´s no doubt the Southern Mediterranean country has endured a lot of pain over the last eight years. To revamp their economy, the Greeks cut back on public pensions, increased taxes, and swept away some of their debt overhang. The results have been impressive. After watching their GDP fall by as much as 25% from pre-recession levels, the Greek economy has grown over the last two years and the government has posted primary (meaning before debt payments) surpluses. That´s awesome, but it´s not...


 
12 viewsCategory: General > Europe > Greece
 
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