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.
EU officials have praised Greece as it emerges from the biggest bailout in economic history. But is it a cause for celebration for the Greek people? DW put that question to EU Economy Commissioner Pierre Moscovici.
Greece will exit its stability program on Monday. How has the Greek economy developed since austerity was imposed in 2010? And is Greece prepared to meet the budgetary targets? A data analysis provides answers.
The International Monetary Fund (IMF) has been described as the lender of last resort for countries in financial distress. But the stiff medicine doled out by the fund is still subject to huge controversy.
The EU lent Greece the funds to keep it from bankruptcy. Austerity was a harsh process that was often unfair — but lenders saw no real alternative. Tuesday marks the start of a new experiment, DW's Bernd Riegert writes.
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