[MGSA-L] Stats from Greece: Three years after the bailout

[June Samaras]

http://economy.money.cnn.com/2013/05/10/greece-bailout/

Greece: Three years after the bailout
May 10, 2013: 9:02 AM ET

   By Mark Thompson

It's been three years since Greece was granted 110 billion euros in the
first of two bailouts<http://money.cnn.com/2010/05/02/news/international/greece_bailout/index.htm>
by
its EU partners and the International Monetary Fund. Harsh austerity
measures have driven the economy into the ground since then. Unemployment
has soared. More than 6 in 10 young workers are out of a job.

But there may be light at the end of the tunnel. After six years of
recession, the economy is forecast to grow again in 2014. And while Greece
remains shut out of international financial markets, one of its biggest
banks – Piraeus<http://money.cnn.com/2013/05/10/investing/greece-banks-investment/index.html>
--
is  convinced it can raise enough money from global investors to avoid
nationalization.

Here's a look at how Greece's economy stacks up today compared to what it
looked like in the last full year before the bailout.

[image: chart-greek-banking]
Posted in: austerity <http://economy.money.cnn.com/tag/austerity/>,
Bailout<http://economy.money.cnn.com/tag/bailout/>
, Europe <http://economy.money.cnn.com/tag/europe/>,
Greece<http://economy.money.cnn.com/tag/greece/>
, unemployment <http://economy.money.cnn.com/tag/unemployment/>
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