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Greece exits its third bailout – but eurozone still has much to learn from the crisis

After nine years of unprecedented peacetime economic hardship, Greece exits its IMF bailout programme on August 20.

  • Dimitrios Syrrakos
  • The Conversation

So ends a series of three bailouts organised by the so-called troika of the IMF, European Central Bank and European Commission.

Cera 4dA total of €336 billion was lent to Greece in the wake of the financial crisis, to stop it defaulting on its national debt, with approximately €300 billion used so far.

What’s more, over 90% of the funds were not directed toward investment projects, but went on servicing Greece’s national debt.

And the financial aid was provided on the..

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