The global pandemic is now making Greeks even more concerned about their futures.
Greece requested financial help 10 years ago, on April 2010. In the runup, different governments in Athens had borrowed above the country's capacity and its public debt pile became so high that investors were no longer willing to keep on financing the country's spending.
Greece currently stays closed to non-EU and EU tourism … threatening a sharp recession for the indebted Greek economy.The ongoing coronavirus outbreak is about to reverse that modest recovery. The International Monetary Fund forecast a 10% contraction in GDP and an unemployment rate of 22.3% for Greece in 2020.
Greece was one of the quickest countries in Europe to impose strict lockdown measures to prevent the spread of the virus. Two U.K.-based health experts told CNBC this approach has contributed to the relatively low number of cases in the Mediterranean nation."The tourism and travel industry contributes 21% to the Greek economy.
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