Greece has long been a focal point in discussions about economic crises within the European Union (EU) since the economic downturn in 2008/2009. As one of the so-called "PIGS" countries — a term used to describe Portugal, Italy, Greece, and Spain. This acronym gained prominence during the Eurozone debt crisis in the late 2000s, symbolizing countries that faced severe economic headwinds. While Greece's economy has shown signs of recovery in recent years, it continues to face structural challenges.
With its rich cultural heritage and strategic location, Greece holds a unique position within the EU. As a developed economy, Greece is characterized by a mix of services, tourism, shipping, and agriculture. While strides forward have been achieved the economic challenges of the past decade, significant strengths and persistent weaknesses continue to shape its economic landscape.