In July 2015, voters in Greece overwhelmingly rejected demands by the EU for fiscal austerity, which cast doubt on whether Greece would continue to use the euro as its currency.
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'''Greece''' ([[Greek language|Greek]]: Ελλάδα, ''Elláda''; officially: Ελληνική Δημοκρατία, "Hellenic Democracy") is a [[Balkan]] country located in the Southeastern part of [[Europe]]. It is also used as a
'''Greece''' ([[Greek language|Greek]]: Ελλάδα, ''Elláda''; officially: Ελληνική Δημοκρατία, "Hellenic Democracy") is a [[Balkan]] country located in the Southeastern part of [[Europe]]. It is also used as a
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collective term for the ancient civilizations of that geographic area. It is now a developed country
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collective term for the ancient civilizations of that geographic area. It is now a developed country<ref>http://travel.state.gov/travel/cis_pa_tw/cis/cis_1127.html</ref> and
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<ref>http://travel.state.gov/travel/cis_pa_tw/cis/cis_1127.html</ref> and
member of the [[EU]] (European Union) and [[NATO]].
member of the [[EU]] (European Union) and [[NATO]].
Greece was hit hard by the worldwide [[Recession of 2008]], and government finances are chaotic. The government deficit of 12.7% of GDP is the highest in the EU.
Greece was hit hard by the worldwide [[Recession of 2008]], and government finances are chaotic. The government deficit of 12.7% of GDP is the highest in the EU.
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In July 2015, voters in Greece overwhelmingly rejected demands by the EU for fiscal austerity, which cast doubt on whether Greece would continue to use the [[euro]] as its currency.