> Due to an improved outlook for the Greek economy, with achievement of a government structural surplus both in 2013 and 2014 - along with a decline of the unemployment rate and return of positive economic growth in 2014,[15][16] it was possible for the Greek government to regain access to the private lending market for the first time since eruption of its debt crisis - to the extent that its entire financing gap for 2014 was patched through a sale of bonds to private creditors.[17]
The improved economic outlook was replaced by a new fourth recession starting in Q4-2014,[18] related to the…