Since the creation of the European Union in 1992 and the subsequent launch of the euro, Greece’s economic relationship with the rest of Europe has been a turbulent one. Greece’s chronic fiscal mismanagement and resulting debt crisis has repeatedly threatened the stability of the eurozone—and the country’s troubles are far from over.

The financial meltdown that started with the bursting of the U.S. housing bubble had worldwide economic repercussions, including recessions, far-reaching regulations, and deep-seated political discon…