There are many variables that determine the current situation of the Greek economy. It would seem that membership of the euro allowed Greece, until 2008, to catch up and even surpass its richest partners in the euro zone, but these gains were completely wiped out in the years that followed. follow up. Adoption of the euro gave Greece an advantage in borrowing rates as well as low rates in the eurozone bond market. These actions gave Greece an increase in consumer spending, which led to strong economic growth. Between 1997 and 2007, Greece recorded an average GDP growth of 4%. Greece along with its other European neighbors was hit by the financial crisis and the resulting economic slowdown took a toll on Greece's growth rate, which fell to 2% in 2008. In 2009, the recession hit and the economy contracted by 2.4% as a result. of the crisis and its effects on credit, world trade and domestic consumption, Greece's main source of growth. High growth and low interest rates have succeeded in hiding the fiscal problems and structural weaknesses worsened by the financial crisis....