Greece

Euro Fund: Greece has officially exited bailout program
“For the first time since early 2010, Greece can stand on its own feet,” the European Stability Mechanism (ESM) rescue
Greece’s bailout is finally at an end – but has been a failure

The strategy of austerity will have long-term consequences throughout Europe

Greece officially ends international bailout program Monday
Greece officially ends its international bailout program on Monday, after eight years of massive loans and relentless austerity measures. The
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Phantis
Aug 20, 2018

“For the first time since early 2010, Greece can stand on its own feet,” the European Stability Mechanism (ESM) rescue fund said as Athens exited its final, three-year international bailout program on Monday.

The ESM allocated about $71 billion over the past three years, after an agreement was reached in August 2015 to help the country cope with fallout from an ongoing debt crisis.

“Today we can safely conclude the ESM program with no more follow-up rescue programs,” Mario Centeno, the chairman of the ESM’s board of governors, said in a statement. “This was possible thanks to the extraordinary effort of the Greek people, the good cooperation with the current Greek government and the support of European partners through loans and debt relief.”

In 2010, Greece was declared at risk of default after struggling with massive debt, loss of investment and huge unemployment. Overall, nearly $300 billion in emergency…

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“For the first time since early 2010, Greece can stand on its own feet,” the European Stability Mechanism (ESM) rescue fund said as Athens exited its final, three-year international bailout program on Monday. The ESM
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on World
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