• Greece has received financial bailouts for nearly a decade, but that’s about to end. This month, Greece will become the last country to exit financial bailouts extended by the European Commission, the European Central Bank and the International Monetary Fund. Many are painting the country’s economic rebound as a comeback story. Despite some economic “successes,” including falling unemployment and a slowly growing economy, the I.M.F. warned that Greece faces an uphill battle against its mountain of debt and rising poverty after years of austerity.

Source: New York Times August 01, 2018 03:50 UTC