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European intervention in Greece

European intervention in Greece primarily involved financial support during its 2010 debt crisis. Greece faced a severe economic downturn, struggling to repay its debts and maintain economic stability. European institutions, including the European Union, European Central Bank, and International Monetary Fund, provided bailout loans with strict conditions aimed at reducing deficits and reforming the economy. While these measures helped stabilize Greece's finances, they also led to austerity policies that impacted public services and growth. The intervention was aimed at preventing Greece's default from threatening the broader eurozone, though it also sparked debates about austerity, sovereignty, and economic recovery.