Economy of Greece Sea Economic Cooperation (BSEC). The country joined what is now the European Union in 1981. In 2001 Greece adopted the euro as its currency, replacing the Greek drachma at an exchange rate of 340.75 drachmae per euro. Greece is a member of the International Monetary Fund and of the World Trade Organization, and ranked 34th on Ernst & Young's Globalization Index 2011. World War II (1939-1945) devastated the country's economy, but the high levels of economic growth that followed from 1950 to 1980 have been called the Greek economic miracle. From 2000 Greece saw high levels of GDP growth above
Euro Currency Index was 34.38805726 multiplied by the product of all components in the basket of currencies, that have been raised to a high number of their percentage, weighting equal to: ECX = 34.38805726 x (EURUSD^(0.3155) x EURGBP^(0.3056) x EURJPY^(0.1891) x EURCHF^(0.1113) x EURSEK^(0.0785)) The all-time low was constructed on 6 July 2001, with 83.36 points and the all-time high on July 14, 2008, 123.82 points. On 20 May 2011, the exchange ICE Futures U.S. ended the trading of futures and options on the index. On July 28, 2011, the calculation of the ICE Euro Currency Index was discontinued (last value was 108.88