Answer:
The four key deleveraging measures that Greece used to overcome its economic crisis were:
Fiscal Reduction: The Greek government implemented austerity measures aimed at reducing government spending, including cuts to public sector salaries and pensions, as well as increases in taxes.
Debt Restructuring: Greece underwent a debt restructuring process, in which it renegotiated the terms of its outstanding debt with its creditors. This involved a significant reduction in the nominal value of its debt and an extension of its repayment period.
Labor Market Reforms: The Greek government implemented reforms to its labor market, aimed at making it more flexible and competitive. This included changes to laws governing collective bargaining and the protection of workers' rights, as well as measures aimed at reducing the costs of hiring and firing employees.
Privatization: The Greek government also engaged in a program of privatizations, selling off state-owned assets and businesses to raise funds and increase efficiency. This was aimed at reducing the size of the public sector, while also generating revenue to help repay Greece's debt.
Step-by-step explanation: