Greece, officially the Hellenic Republic, is a country in Southeast Europe. Located on the southern tip of the Balkan peninsula, Greece shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to the east. The Aegean Sea lies to the east of the mainland, the Ionian Sea to the west, and the Sea of Crete and the Mediterranean Sea to the south. Greece has the longest coastline on the Mediterranean Basin, featuring thousands of islands. The country comprises nine traditional geographic regions, and has a population of over 10.4 million. Athens is the nation's capital and largest city, followed by Thessaloniki and Patras.
The economy of Greece is the 52nd largest in the world, with a nominal gross domestic product (GDP) of $252.732 billion per annum. In terms of purchasing power parity, Greece is the world's 54th largest economy, at $436.757 billion per annum. As of 2023, Greece is the sixteenth largest economy in the European Union and eleventh largest in the eurozone. According to the International Monetary Fund's figures for 2024, Greece's GDP per capita is $24,342 at nominal value and $42,066 at purchasing power parity. Among OECD nations, Greece has a highly efficient and strong social security system; social expenditure stood at roughly 24.1% of GDP.
Sticker art is a form of street art in which an image or message is publicly displayed using stickers. These stickers may promote a political agenda, comment on a policy or issue, or comprise a subcategory of graffiti.
The Bank of Greece is the Greek member of the Eurosystem and has been the monetary authority for Greece from 1927 to 2000, issuing the drachma. Since 2014, it has also been Greece's national competent authority within European Banking Supervision.
The National Bank of Greece is a banking and financial services company with its headquarters in Athens, Greece. Founded in 1841 as the newly independent country's first financial institution, it has long been the largest Greek bank, a position it still held in the early 21st century. Following the financial turmoil of the Greek government-debt crisis in the 2010s, it remains one of Greece's four dominant banks together with Alpha Bank, Eurobank Ergasias, and Piraeus Bank. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in 2014, and as a consequence is directly supervised by the European Central Bank. NBG offers financial products and services for corporate and institutional clients along with private and business customers. Services include banking services, brokerage, insurance, asset management, shipping finance, leasing and factoring markets.
George Andreas Papandreou is an American-born Greek politician who served as Prime Minister of Greece from 2009 to 2011. He is currently serving as an MP for Movement for Change.
The Panhellenic Socialist Movement, known mostly by its acronym PASOK, is a social-democratic political party in Greece. Until 2012 it was one of the two major parties in the country, along with New Democracy, its main political rival. After a decade of poor electoral outcomes, PASOK has retained its position as one of the main Greek political parties and is currently the second largest party in the Greek Parliament.
New Democracy is a liberal-conservative political party in Greece. In contemporary Greek politics, New Democracy has been the main centre-right to right wing political party and one of the two major parties along with its historic rival, the Panhellenic Socialist Movement (PASOK). New Democracy and PASOK were created in the wake of the toppling of the military junta in 1974, ruling Greece in succession for the next four decades. Following the electoral decline of PASOK, New Democracy remained one of the two major parties in Greece, the other being the Coalition of the Radical Left (SYRIZA). The party was founded in 1974 by Konstantinos Karamanlis and in the same year it formed the first cabinet of the Third Hellenic Republic. New Democracy is a member of the European People's Party, the largest European political party since 1999, the Centrist Democrat International, and the International Democracy Union.
The Popular Orthodox Rally or People's Orthodox Alarm, often abbreviated to LAOS (ΛΑ.Ο.Σ.) as a reference to the Greek word for people, is a Greek right-wing populist political party. It was founded by journalist Georgios Karatzaferis in 2000, a few months after he was expelled from the centre-right New Democracy. Today, the party is led by Philippos Kampouris.
Nikos Beloyannis was a Greek resistance leader and leading cadre of the Greek Communist Party.
Street art is visual art created in public locations for public visibility. It has been associated with the terms "independent art", "post-graffiti", "neo-graffiti" and guerrilla art.
Lucas Demetrios Papademos is a Greek economist and academic who served as 12th Prime Minister of Greece from November 2011 to May 2012, leading a national unity government in the wake of the Greek debt crisis. A technocrat, he previously served as Vice-President of the European Central Bank from 2002 to 2010 and Governor of the Bank of Greece from 1994 to 2002.
George Bouzianis was a major Greek expressionist painter.
From late 2009, fears of a sovereign debt crisis in some European states developed, with the situation becoming particularly tense in early 2010. Greece was most acutely affected, but fellow Eurozone members Cyprus, Ireland, Italy, Portugal, and Spain were also significantly affected. In the EU, especially in countries where sovereign debt has increased sharply due to bank bailouts, a crisis of confidence has emerged with the widening of bond yield spreads and risk insurance on credit default swaps between these countries and other EU members, most importantly Germany.
Debtocracy is a 2011 left-wing documentary film by Katerina Kitidi and Aris Chatzistefanou. The documentary examines the causes of the Greek government-debt crisis in 2010 and advocates for the default of "odious debt".
Ioannis Georgiou "Yanis" Varoufakis is a Greek economist and politician. Since 2018, he has been Secretary-General of Democracy in Europe Movement 2025 (DiEM25), a left-wing pan-European political party he co-founded in 2016. Previously, he was a member of Syriza and was Greece's Minister of Finance between January 2015 and July 2015, negotiating on behalf of the Greek government during the 2009-2018 Greek government-debt crisis.
Debt crisis is a situation in which a government loses the ability of paying back its governmental debt. When the expenditures of a government are more than its tax revenues for a prolonged period, the government may enter into a debt crisis. Various forms of governments finance their expenditures primarily by raising money through taxation. When tax revenues are insufficient, the government can make up the difference by issuing debt.
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, was a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s that made it difficult or impossible for some countries in the euro area to repay or refinance their government debt without the assistance of third parties.
The Greek government-debt crisis began in 2009 and, as of November 2017, was still ongoing. During this period, many changes had occurred in Greece. The income of many Greeks has declined, levels of unemployment have increased, elections and resignations of politicians have altered the country's political landscape radically, the Greek parliament has passed many austerity bills, and protests have become common sights throughout the country.
The anti-austerity movement in Greece involved a series of demonstrations and general strikes that took place across the country. The events, which began on 5 May 2010, were provoked by plans to cut public spending and raise taxes as austerity measures in exchange for a €110 billion bail-out, aimed at solving the Greek government-debt crisis. Three people were killed on 5 May in one of the largest demonstrations in Greece since 1973.
