Greece (Greek: Ελλάδα, transliterated: Elláda [e̞ˈlaða] , historically Ἑλλάς, Hellás, IPA: [e̞ˈlas]), officially the Hellenic Republic (Ελληνική Δημοκρατία, Ellīnikī́ Dīmokratía, [e̞liniˈkʲi ðimo̞kɾaˈtia]), is a country in southeastern Europe, situated on the southern end of the Balkan Peninsula. The country has borders with Albania, the Republic of Macedonia and Bulgaria to the north, and Turkey to the east. The Aegean Sea lies to the east and south of mainland Greece, while the Ionian Sea lies to the west. Both parts of the Eastern Mediterranean basin feature a vast number of islands, islets and rock islands.
Modern Greece traces its roots to the civilization of ancient Greece, generally considered to be the cradle of Western civilization. As such, it is the birthplace of democracy, Western philosophy, the Olympic Games, Western literature and historiography, political science, major scientific and mathematical principles, and Western drama, including both tragedy and comedy.
Greece is a member of the European Union since 1981, a member of the Economic and Monetary Union of the European Union since 2001, NATO since 1952, the OECD since 1961, the WEU since 1995, a founding member of the Black Sea Economic Cooperation and a member of ESA since 2005. Athens is the capital; Thessaloniki, Patras, Heraklion, Larissa, Volos, Ioannina, Kavala, Rhodes and Serres are some of the country's other major cities
June 2011. Governing PaSoK (Socialist) party wins vote of confidence 155-143 (2 abstentions). His austerity budget is then accepted by Euro Central Bank which will give Greece 10s of billions of Euros..
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