The article discusses the Greek fiscal crisis and its impact on the euro. It looks at how Greece tried to stabilize debt and avoid default. The study explores the social and political factors leading to the crisis, the economic aspects, and efforts to recover. It also examines the cooperation and conflicts among European states, the European Central Bank, and the International Monetary Fund in helping Greece. The role of financial markets in these events is also analyzed. The main goal is to understand the political and economic reasons behind fiscal crises, how currency unions manage fiscal policies, and how the IMF handles crises in developed nations.