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Greece: Three years after the bailout

May 10, 2013: 9:02 AM ET

By Mark Thompson

It's been three years since Greece was granted 110 billion euros in the first of two bailouts by its EU partners and the International Monetary Fund. Harsh austerity measures have driven the economy into the ground since then. Unemployment has soared. More than 6 in 10 young workers are out of a job.

But there may be light at the end of the tunnel. After six years of recession, the economy is forecast to grow again in 2014. And while Greece remains shut out of international financial markets, one of its biggest banks РPiraeus -- is  convinced it can raise enough money from global investors to avoid nationalization.

Here's a look at how Greece's economy stacks up today compared to what it looked like in the last full year before the bailout.


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Paul Lamonica
Paul R. La Monica
Assistant Managing Editor, CNNMoney

Paul R. La Monica is an assistant managing editor at CNNMoney. He is the author of the site's daily column, The Buzz, and also tweets throughout the day about the markets and economy @LaMonicaBuzz. La Monica also oversees the site's economic, markets and technology coverage.

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