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By VOA Published on Aug 20, 2018
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Phantis

“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 loans were provided in three consecutive bailout packages from a European Union bailout fund and the International Monetary Fund (IMF). In exchange, Athens was required to put in place severe austerity-based measures and reforms.

The completion of the loan program is a major accomplishment for Greece, but the country still faces an uphill battle to regain its economic stability.

The office of Prime Minister Alexis Tsipras described the final bailout loan last week as the “last act in the drama. Now a new page of progress, justice and growth can be turned.”

“Greece has managed to stand on her feet again,” his office said.

Economic growth in Greece is…

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Euro Fund: Greece has officially exited bailout program
Phantis

“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…

Greece’s bailout is finally at an end – but has been a failure
Phantis

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


This article titled “Greece’s bailout is finally at an end – but has been a failure” was written by Larry Elliott, for The Guardian on Sunday 19th…

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Euro Fund: Greece has officially exited bailout program
Phantis

“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…

Greece’s bailout is finally at an end – but has been a failure
Phantis

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


This article titled “Greece’s bailout is finally at an end – but has been a failure” was written by Larry Elliott, for The Guardian on Sunday 19th…

SHORT

NEWS

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

SHORT

NEWS

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
0 4 mins
Phantis

“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 loans were provided in three consecutive bailout packages from a European Union bailout fund and the International Monetary Fund (IMF). In exchange, Athens was required to put in place severe austerity-based measures and reforms.

The completion of the loan program is a major accomplishment for Greece, but the country still faces…

“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
/ Aug 20
“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
/ Aug 20
“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
/ Aug 20
“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
/ Aug 20

SHORT

NEWS

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

SHORT

NEWS

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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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 fund said as Athens exited its final, three-year international bailout program on Monday.

The ESM allocated about…

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VOA 20, Aug 4 mins
0 4 mins
Phantis

“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 loans were provided in three consecutive bailout packages from a European Union bailout fund and the International Monetary Fund (IMF). In exchange, Athens was required to put in place severe austerity-based measures and reforms.

The completion of the loan program is a major accomplishment for Greece, but the country still faces an uphill battle to regain its economic stability.

The office of Prime Minister Alexis Tsipras described the final bailout loan last week as the “last act in the drama. Now a new page of progress, justice and growth can be turned.”

“Greece has managed to stand on her feet again,” his office said.

Economic growth in Greece is slowly growing again, tourism is up nearly 17 percent in Athens this year, and once-record levels of joblessness are finally…

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SHORT

NEWS

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

SHORT

NEWS

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
0 4 mins
Phantis

“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 loans were provided in three consecutive bailout packages from a European Union bailout fund and the International Monetary Fund (IMF). In exchange, Athens was required to put in place severe austerity-based measures and reforms.

The completion of the loan program is a major accomplishment for Greece, but the country still faces an uphill battle to regain its economic stability.

The office of Prime Minister Alexis Tsipras described the final bailout loan last week as the “last act in the drama. Now a new page of progress, justice and growth can be turned.”

“Greece has managed to stand on her feet again,” his office said.

Economic growth in Greece is…

MORE ARTICLES

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
In US dispute, a few Turks destroy iPhones in online posts
A small number of Turks are responding to their president’s