Should Greece leave the eurozone, the country would revert to the drachma. The government would print the old currency en masse, which would rapidly devalue. The crisis would deepen, and the EU members would be forced to continue their support.
Debt-stricken Greece has confirmed its economy expanded last year despite a dip in the country's outbound shipments. The statistics office said growth was attributable to a surge in corporate investment.
Greeks have long viewed the German finance minister as a symbol of failed austerity policies. But Athens is by no means joyful now that Wolfgang Schäuble is leaving after eight years in office, says Jannis Papadimitriou.
Greek Prime Minister Tsipras has said his country is no longer in danger of Grexiting - leaving the EU - and is seeing an inward investment boom. He said he is hopeful after nine years of recession, but questions remain.
Eurozone finance ministers have reached a "political agreement" to grant Greece €6.7 billion in bailout money. The ministers praised Greece's progress, putting it on track to leave its bailout program this year.
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