The aftermath of the sovereign debt crisis in Greece (2009-2018) has resulted in a lasting impact marked by high unemployment and high public debt. Their external position is characterized by high external debt levels. The sovereign also grapples with challenges arising from governance and a lack of reliable statistical institutions. However, in the last few years, the economy has demonstrated positive developments in the fiscal parameters and enhanced economic growth prospects, along with improvements in the banking sector. Greece benefits from support from the European Union and is presently receiving the support of EUR 31 billion from the NextGenerationEU fund till 2026 in the form of grants and loans to facilitate economic recovery, foster green and digital transitions, and enhance social resilience. It is crucial to monitor the disbursement of these funds and the effective utilization of the same to gauge the tangible impacts on economic growth, job creation, and investment.