Greece completes Eurozone bailout

GREECE ends its final Eurozone bailout programme today after receiving almost £270bn in support since 2010.

Its economy shrank by a quarter following a sovereign debt crisis in 2009.

It was forced by creditors, including EU states such as Germany, to adopt austerity measures in the aftermath and will now rely on bond markets to refinance debt.

Greece’s central bank governor warned the country not to backtrack on commitments to its lenders after it exits from the bailout programme.

Yannis Stournaras said such a move would cause markets to abandon the country, putting it in fresh jeopardy at a time when it would be particularly vulnerable to financial turbulence in Turkey, Italy and beyond.