Bringing Greece back to growth

The euro area is making an unprecedented effort to put the Greek economy back on track. The loan packages from the ESM and EFSF are by far the largest the world has ever seen. The two institutions own half of Greece’s debt. The vast and deeply rooted problems in Greece mean the programmes have lasted much longer than those of other crisis-hit countries. The loans, at very low interest rates with long maturities, are giving Greece fiscal breathing space to bring its public finances in order. And because of the ESM’s cash-for-reform approach, Greece is making impressive progress in modernising its economy.
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Τυχαία Θέματα