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How Greece turned a debt crisis into a European success story
Bloomberg Televisionยท2025-07-04 09:01

Economic Recovery & Fiscal Policy - Greece experienced a significant economic turnaround, transitioning from a state of economic crisis to exceeding the European average in growth [1][2] - Fiscal consolidation measures enabled Greece to conclude its bailout programs in 2018 [1] - By 2025, Greek output had partially recovered from a major recession, achieving a budget surplus as one of the few EU nations [2] Debt & Sustainability - Greece's debt burden remains high but has been structured for greater sustainability [2] Socio-Political Landscape - Austerity measures following bailout agreements caused substantial social and economic hardship [1] - Voter dissatisfaction with the ruling government and the rise of populist parties create uncertainty for future elections [3] Lessons Learned - The Greek financial crisis serves as a reminder to prevent future crises [3] - Despite economic improvements, Greece remains one of the poorest EU nations, facing chronic issues [3]