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Wednesday, 16 April 2014

Euro Crisis Stabalizing

Troubled euro zone states emerge from crippling crisis

1397143164208623100.jpgBailed-out Greece has made a strong return to the bond markets after a four-year hiatus, raising 3.0 billion euros and sending a clear sign that the eurozone is putting its crippling debt crisis behind it. Here is a run-down of the situation in eurozone states which came under pressure during the crisis over their public finances.


Athens, which obtained international aid worth 240 billion euros, hopes to exit the massive rescue program in 2016.

It expects a return to growth this year after six years of recession. However, its public debt remains stubbornly high, reaching 177 percent of output in 2013.
Thursday’s successful medium-term bond issue was highly symbolic as it is Greece’s first call for private investors since the beginning of the debt crisis in 2010.


Ireland became the first bailed-out eurozone state to exit its international rescue package worth 85 billion euros in mid-December 2013. 


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