But Greece had it the worst, requiring three rescue packages from 2010 to 2015, totaling 320 billion euros, or $343 billion, with bitter austerity terms. Household incomes and pensions were slashed.

Greece’s economy has navigated numerous crises in recent decades. Despite recent gains, it remains well below the highs it achieved in 2007 and 2008 in terms of GDP per capita, according to the ...