Greece exits the last of its three bailouts on Aug. 20 and hopes to be able to borrow again in international markets after a nearly nine-year debt crisis that shrank the economy by a quarter and forced it to implement painful austerity measures.
“I don’t see a reason for jubilation concerning our exiting the memorandum (bailout) because … you may be jumping out of the frying pan into the fire,” said Thanos Veremis, emeritus professor of history at Athens University.
“Most people have been taxed dry, people are completely immersed in paying the tax man, with little money left on the side to put into your business and therefore improve and grow.” (Reuters)
Read the whole article here.
The article was cited also in the Greek newspaper “Makeleio” – see here.