- Greece on Saturday ended 12 years of fiscal surveillance by the European Union that was imposed in exchange for bailouts after a crushing debt crisis.
- Greece’s unemployment rate is still one of the highest in the monetary union, its minimum wage one of the lowest and the country’s debt is currently at 180% of its gross domestic product.
- In order to prevent Greece from leaving the eurozone, a “troika” made up of the International Monetary Fund, the EU and the European Central Bank demanded far-reaching reforms from Athens in exchange for €289 billion in bailout funds.
Greece celebrates end of EU fiscal oversight after 12 years 20.08.2022
