There are many variables that determine the current condition of the Greek economy. It would appear that joining the euro allowed Greece, until 2008, to catch up and even surpass its richer Eurozone partners, but these gains were completely erased in the years that followed. Adopting the euro gave Greece an advantage in terms of lending rates, as well as low rates in the euro bond market. These actions gave Greece a boost in consumer spending that led to great economic growth. Between the years 1997 and 2007, Greece experienced an average 4% increase in GDP growth. Greece, like its other European neighbors, was hit by the financial crisis and the resulting economic slowdown had repercussions on Greece's growth rate, which fell to 2% in 2008. In 2009, recession broke out and consequently the The economy contracted by 2.4%. of the crisis and its effects on credit, world trade and domestic consumption, which represent the main source of growth in Greece. High growth and low interest rates were doing a great job of covering up fiscal issues and structural weaknesses exacerbated by the financial crisis....