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"Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts." -Philip Katlar
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29 June 2011 - The Fourth austerity package is passed by the Greek parliament despite protests exterior the parliament building.
25 January 2015 - The Greek legislative election is held.
The brand new Democracy party wins, however with a smaller share of the popular vote and
fewer seats than it had within the previous election.
The new Democracy occasion leads, profitable 29.7% of the favored vote, however would not win a majority
of seats in parliament. Syriza wins with 7.5 level over New
Democracy. Kitsantonis, Niki; Saltmarsh, Matthew (23 April 2010).
"Greece, Out of Ideas, Requests Global Help". 14 June 2010
- Greece's credit score rating is downgraded
by Moody's from A3 to Ba1. On June 21, 2018, Greece's creditors agreed on a 10-yr extension of maturities on 96.6 billion euros
of loans (i.e., almost a third of Greece's whole debt),
as well as a 10-12 months grace period in interest and amortization funds on the identical loans.
The authors propose a regulatory and authorized framework that will permit the average worker to borrow insured bank loans as funding capital.
The Greek government repays two loans to the IMF and ECB.