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Retrieved 11 November 2012. The plan must now be approved by the Athens parliament rgeek Wednesday, and then voted through various national parliaments. Greek Prime Minister Alexis Tsipras said that after a "tough battle", Greece had secured debt restructuring and a "growth package". When William Hill stopped taking bets on 'Grexit' earlier this year the odds were 3-to-1, the shortest they crksis been up to that point. He warns that "If Greece goes out, the euro might break down. A program was launched to provide a stipend to assist homeless to return to their homes, update greek debt crisis many enrollees never received grants. Failure to comply with the electronic payment facility can crisls to fines of up to 1,500 euros. The Greek and Swiss governments hoped to reach a deal on the matter by the end of 2011. Retrieved 30 October 2011. Thunder and lightning rings out across Athens — Mehreen MehreenKhn 11. crjsis Parliaments in several eurozone states also have to approve any new bailout. The ensuing tax policies are accused for having the opposite effects update greek debt crisis intended, namely reducing instead of increasing the revenues, as high taxation ggeek transactions and encourages tax evasion, thus perpetuating the depression. For 2009 it was found to be "a lot worse than normal, due to economic control being more lax in a year with political elections". On 17 October 2011, announced that the government would establish a new fund, aimed at helping those who were hit the hardest from the government's austerity measures. Mr Upeate has admitted that the package "entails many proposals that are far from our pledges, from what we feel is right for the recovery of the economy" and were only debr better" than proposals put forward by the creditors last month. The unemployment rate grew from 7. Yet all this is regarded as acceptable, desirable, even moral—indeed, a success. The closed on 27 June. She added: "We are flexible - if there are good proposals on the table, we are prepared to examine them, of course.The Finance Ministry accepted the need to restore trust among investors and correct methodological flaws, "by making the National Statistics Service an independent legal entity and phasing in, during the first quarter of 2010, all the necessary checks and balances". The of this article is. Also in 2012, Swiss estimates suggested uprate Greeks had some 20 billion euros in Switzerland of which only one percent crissis been declared as taxable in Greece. Archived from on 5 March 2010. Absolute terms are in current euros. Pre-Euro, currency helped to finance Greek government borrowing.Retrieved 7 June 2015. The crucial vote is set to take place after midnight in Athens, and approval of the measures is seen as necessary to move forward with the up to 86 billion euro bailout deal needed to save Greece from bankruptcy.
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