Greece is due to repay billions of euros in debt this summer. International creditors are sending inspectors to check on the country's finances next week.
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.
The Greek prime minister has described a "day of redemption" after his country's bailout program officially ended. Greece's debt crisis was characterized by austerity, high unemployment and rampant poverty.
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.
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