Article 3WNPP Greek bailout drama 'in last throes' but the hardship is not over yet

Greek bailout drama 'in last throes' but the hardship is not over yet

by
Helena Smith in Athens
from Economics | The Guardian on (#3WNPP)

Final a15bn loan brings new era, says Tsipras, though IMF views GDP growth forecasts as 'very ambitious'

After nearly nine crisis-filled years, relentless austerity and four governments, Greece will next week exit its third bailout programme - in contrast to the economic crisis enveloping Turkey.

On 20 August, at midnight, Athens will reclaim its sovereignty in what the prime minister, Alexis Tsipras, has called a transcendent moment for the debt-stricken nation.

Related: Greece relaxes capital controls to prove worst of turmoil is over

Last year, 135,000 people filed court papers handing over real estate to the state

Related: Creditors agree terms to disburse Greece's a8.5bn bailout funds

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