Greece is a country in south Eastern Europe. Its capital city is Athens, and the country is often called the cradle of Western civilization. It is a parliamentary republic, and transactions are done in the euro. The head of the government is the prime minister, and the head of state is the president.
The nation enjoys a prominent geopolitical role as a middle power due to its political and geographical proximity to Europe, Asia, the Middle East, and Africa. It has strong ties with the United States, France, Italy, Bulgaria, the other NATO countries, Cyprus, and the rest of the European Union.
Greece’s financial situation was sound when it entered the EU in the early 1980s. Inspired by its economic development, Greece submitted its application to the European Economic Community in 1975. Accession negotiations began officially in1976, and the Treaty of Accession was signed in 1979.
Greece has been a member country of the EU since January 1, 1981. But years later, the country plunged into a severe debt crisis that almost threatened the very existence of the European Union.
As a member of the EU, Greece plays a crucial role in the eastern Mediterranean region and has encouraged collaboration between neighbours. There are 21 members of the European Parliament from Greece and it has been a member of the euro area since January 1, 2001.
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