Greece Bailout Ends But Problems Not Over

Greece's series of bailouts has finally come to an end, but the country still faces a long road ahead as it looks to stabilise its economy

David Brenchley 28 August, 2018 | 3:31PM

Athens, Greece, bail out, debt crisis, European Union

Greece finally rid the shackles of its eight-year bailout programme last Monday, in what has been hailed by many as a milestone. But it will have a profound impact on the economy in the medium term.

While most countries were affected, and many bailed out, in the wake of the 2008 financial crisis, Greece was one of the worst hit. Its subsequent trio of rescue packages totalled almost £300 billion, allowing Greece to service its debts through a difficult period.

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David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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