Greece: History


  1. 1830

    Greece gains independence from the Ottoman Empire after the 8-year Greek War of Independence.

  2. 1941

    Germany invades and conquers Greece. The resulting occupation resulted in rapid inflation, along with a severe famine during which over 100,000 Greeks died.

  3. 1944

    Greek and British forces unite to force the Nazis out of Greece.

  4. 1946

    Civil war breaks out between the Greek Provisional Democratic Government and the Greek Communist Party over the power vacuum left at the end of the German-Italian occupation. The American and British-backed government forces defeat the communists in 1949. The civil war resulted in over 100,000 killed and significant economic disruption.

  5. 1952

    Greece joins NATO.

  6. 1981

    Greece joins the European Union.

  7. 2002

    The euro replaces the drachma as the national currency.

  8. 2010

    Eurozone members approve a 110 billion euro rescue package, amid fears of Greece potentially defaulting on its debt.

  9. 2011

    All three main credit rating agencies cut Greece's debt rating to junk status. Eurozone members approve an additional 109 billion euro bailout package, and later agree to a 50% debt write-off for Greece in return for further austerity measures.

  10. 2012

    Greece reaches an agreement with the European Union for an additional 130 billion euro bailout in return for tough austerity measures. In addition, a debt swap deal is made with private sector lenders, effectively halving Greece's massive debt load.

  11. February 2014

    Greek unemployment reaches a record high of 28%.

  12. April 2014

    Greece raises nearly 3 billion euros from world financial markets, in its first sale of long-term government bonds in four years. This is seen as an important step towards the country's economic recovery.

Sources:

BBC News
Britannica

Glossary