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(CNN) -- Greece's economy has been in a mostly downward spiral since the country joined the euro in 2001.
While their eurozone peers had expressed their concern about the state of the Greek economy for years, it wasn't until the global financial crisis hit that the depth of the problem was revealed.
Years of reckless spending and borrowing had left Greece on the verge of financial ruin by the beginning of 2010 -- not to mention in flagrant violation of inflation and deficit limits set by the European Central Bank.
Despite last year's 110 billion euro bail-out and the introduction of harsh austerity measures, the country has been unable to balance its books.
Now, with a second bail-out under negotiation, the country's financial problems are threatening the credibility of the entire eurozone.
CNN takes a look at the key moments of the Greek financial crisis.
While their eurozone peers had expressed their concern about the state of the Greek economy for years, it wasn't until the global financial crisis hit that the depth of the problem was revealed.
Years of reckless spending and borrowing had left Greece on the verge of financial ruin by the beginning of 2010 -- not to mention in flagrant violation of inflation and deficit limits set by the European Central Bank.
Despite last year's 110 billion euro bail-out and the introduction of harsh austerity measures, the country has been unable to balance its books.
Now, with a second bail-out under negotiation, the country's financial problems are threatening the credibility of the entire eurozone.
CNN takes a look at the key moments of the Greek financial crisis.
