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Title: Greeces Next Bailout Battle
Author: Stathis N. Kalyvas
Narrator: Kevin Stillwell
Format: Unabridged
Length: 16 mins
Language: English
Release date: 05-11-16
Publisher: Foreign Affairs
Genres: Newspapers & Magazines, News & Culture
Summary:
The Greek crisis erupted in 2009 and peaked for the first time in the spring of 2010. Unable to refinance its enormous debt, Greece was bailed out by the European Commission, the European Central Bank, and the IMF. The bailout prevented a major economic catastrophe but signaled the start of a protracted economic and political drama that spread to the rest of the Eurozone. In Greece, the crisis peaked twice more: in the summer of 2012, when two successive elections left Greeces political system in shambles, and in the summer of 2015, when Greeces newly elected left-wing government unsuccessfully threatened its European creditors and the IMF with a massive default in a failed attempt to win some debt relief and a break from austerity policies.
"Greeces Next Bailout Battle" is from foreignaffairs.com, published on May 3, 2016.
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