Greece's Recovery Remains Elusive

Greece's Recovery Remains Elusive

On August 20, the third aid package of the so-called troika will end. The European Central Bank, the European Commission and the International Monetary Fund have transferred a total of 273.3 billion euros. From that point onward, the country will once again be able to borrow money on its own from international capital markets. And thus, one of the most dramatic moments in EU history, the Greek debt crisis, will come to a tentative end. It brought the euro to the brink of collapse, split the European Union and turned Greece into a different country.

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