Greece withdraws from the assistance program

On August 20, Greece withdraws from the assistance program. The 9-year crisis reduced the Greek economy by 25% and forced the country's authorities to take unpopular measures of tough economy. After leaving the assistance program, Greece intends to return to normal life, restore its economic sovereignty and hopes to again gain access to the international debt markets. At the same time, the state debt of Greece is the highest in the eurozone - 180% of GDP, Greek banks keep huge problem loans in their portfolios. Nevertheless, the Greek economy is showing growth for the 5th consecutive quarter. Its growth rate reached 2.3% in annual terms. Unemployment fell to 19.5% from a peak of 28%.

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