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https://www.esm.europa.eu/publications/safeguarding-euro/bailout-bail-towards-new-programme-greece
Greece was a recurring concern in the first years of the euro crisis. By January 2011, the three major rating agencies had all reduced Greece’s debt to below investment grade. Credit downgrades continued until, by the end of July, Greece was the lowest-rated country in the world[1], cut off from...