At a glance
Greece joined the euro area on 1 January 2001. Euro banknotes and coins were introduced on 1 January 2002. Until that date the euro was the official currency but only existed as 'book money'. The euro replaced the Greek drachma (GRD) at the fixed conversion rate of EUR 1 = GRD 340.750.
Greece is represented by Antonis Samaras, Prime Minister, at Euro Summit meetings and by its Minister for Finance, Giannis Stournaras, at Eurogroup meetings.
- Adoption of the euro: 01/01/2001
- Former currency: Greek drachma (EUR 1 = GRD 340.750 )
- GDP per capita (current prices): €19 000 (2011 - Eurostat)
- Number of votes at the Council of the EU: 12
- Member of the Schengen area: Yes
- Official languages: Greek (el)
Greece has a unicameral parliamentary system. The Greek Parliament (Voulí ton Ellínon, or Council of the Greeks) has 300 members elected for four years.
The President has no political power. Executive power rests with the Prime Minister.
- Political system: republic
- Voting age: 18, voting compulsory
- National Day: 25 March (date of independence from the Ottoman Empire – 1821)