Yiannis Mouzakis via Macropolis | Greece’s economic collapse in 2010-2013 has become legendary. The country had already been hit hard by the global financial crisis in 2009, when it posted a sharp GDP drop of -4.3 percent. This set the stage for what would become the deepest economic contraction of a developed country in history. But would the implementation of structural reforms have helped alleviate this situation?
Greece bailout programme
Yiannis Mouzakis via Macropolis | The Cypriot experience makes it abundantly clear that Greece’s only chance of returning to any kind of normality can be found at the end of its bailout programme.