Known for his pragmatic approach, Simitis was seen as a champion of capitalism, contrasting his political predecessors. His leadership bore witness to Greece's rising national pride, particularly with the hosting of the Olympics and the eurozone entry in 2001. However, both achievements came to be followed by a serious debt crisis that affected Greece's standing within the EU. As the country prepared to celebrate the Olympics in 2004—the first time it was held in Greece since ancient times—Simitis's legacy remains a blend of ambition and the subsequent challenges faced by the nation.