Otherwise the crisis could spread to the entire. Eurozone and a cascade of defaults would begin throughout southern Europe. The following scheme was adopt: the EU, together with the IMF, provides loans to Greece. -call ” internal devaluation “, cutting costs, primarily in the social sphere and increasing taxes. Due to this, consumption is ruc, the trade balance is level. And public finances are brought into proper condition. All this is happening at the expense of lowering the standard of living of ordinary Greeks. Fourth period – from the summer of 2010 to 2016.
The Greek government is conducting the so
This model l to an improvement in the economy, but Malta Phone Number List caus rejection from Greek society. This l to political destabilization: the emergence of new parties that oppos austerity policies, and the decline of old ones that obey the EU and the IMF. Nevertheless, foreign policy has not chang, but there have been some upheavals at home. For example, in the 2012 elections, the ruling PASOK party suffer a crushing defeat . has become the more radical SYRIZA party (an acronym for the Coalition of the Radical Left), l by Alexis Tsipras. It believ that it was necessary to leave the system of memorandums with the EU and the IMF, seek softer lending conditions, etc SYRIZA could not win.
Massive protests accompani Greece
The parliamentary elections in 2012, although it BT Lists was very close to this and took second place, “New Democracy” again became the head of the country. She turn to the old policy of austerity. Despite this, the economic downturn continu, and the population suffer from painful measures to increase taxes and cut government spending. throughout the first half of the 2010s. In January 2015, extraordinary parliamentary elections were held. They were launch after deputies fail to elect a president in December 2014over three rounds of voting. As a result, radicals from SYRIZA came to power.