Municipal Palace of Congresses of Madrid
Municipal Palace of Congresses of Madrid, Av. Capital de España, 7, 28042 Madrid, Spain

What is Qwoted?

Qwoted is a free expert network: we help reporters connect with experts & we help those same experts build relationships with top reporters.

Event Date Mon Mar 18 CET - Tue Mar 19 CET (over 2 years ago)
In your timezone (EST): Mon Mar 18 3:00am - Tue Mar 19 12:00pm
Location Municipal Palace of Congresses of Madrid
Av. Capital de España, 7, 28042 Madrid, Spain
Region EMEA

Greece’s debt crisis is one that has grown and evolved over many years. In 2007, the global financial crisis put massive stress on Greece’s ability to service its own debt, causing the country to auction off major state assets. In 2009, newly elected Prime Minister George Papandreou revealed that Greece’s budget deficit had reached 15.4% of GDP, substantially larger than originally thought. A number of international institutions stepped in to assist Greece. In 2010, the IMF delivered the first bailout of 110 billion euros on the condition that Greece accept austerity measures. In 2012, the EU and the IMF agreed to a second bailout, worth 130 billion euros, which included an over 50% haircut for Greek creditors and new austerity measures. During this time, Greek citizens increasingly rejected the political mainstream. In 2012, a majority of Greeks voted for fringe parties, and in 2015, the far left Syriza party won a snap election. Prime Minister Alexis Tsipras entered into negotiations with Greek creditors as Greece missed its payment to the IMF. Tsipras accepted a number of economic reforms in exchange for a third bailout. In 2017, Greek creditors agreed to further debt relief.

Sponsors & Partners

2019 Sponsors

• Universidad Rey Juan Carlos


• Madrid Destino
• uc3m
• renfe