A year after debt-stricken Greece received its third financial rescue in the form of international funding worth €86bn, such survival techniques have become commonplace. “No economy can withstand endless recession and stagnation,” says George Pagoulatos, professor of European politics and economy at Athens University. Defeat on this would spark a political crisis, and probably an economic crisis as well. Ireland Of all the countries to receive bailouts during the euro crisis, Ireland has done the best. First, the housing market – the source of Ireland’s financial problems during the crisis – has started to exhibit bubble-like tendencies again.

Source: The Guardian August 13, 2016 15:00 UTC