Going into the competition with high hopes of winning the second division and thus joining the likes of Scotland, Denmark, Netherlands and overall winners Ireland in the top flight of non-Test playing countries in Europe, Greece were stripped of the six points that they gained during their group matches when they won their three matches against Germany, Gibraltar and Guernsey.
Their net run rate was also cancelled out which led to defeat against France in a washed-out playoff game to settle the 5th-8th positions.
To cap their misery, they refused to play Israel at a military base some five hours' drive from Glasgow which led to their forfeiting the game, so finishing bottom of the table and dropping down next season to Division 3.
The two players at the heart of the row, Paul Maraziotis, one of the stars of the tournament with scores of 54, 102 and 34 not out, and Michalis Toussis, are Greek-Australians from Melbourne who both carry Greek passports.
"It is a terrible decision", said Iosef Nikitas, president of the Greek Cricket Federation.
"What they are saying is that it is okay for other countries, like France, to pick a team with no Frenchmen in it, but it is not okay to be Greek and play for the Greek national team.
"What makes it worse is that we sent through all the paperwork prior to the tournament and we were given the all clear. If there was a problem with our players why weren't we told then?"
Richard Holdsworth, the regional development manager of the European Cricket Council (ECC), however, rejected claims of foul play.
"To qualify for a team, it is not just enough for someone to be a passport holder. The other criteria that must be fulfilled are that a player must have played 50 percent of national competition matches in three of the preceding five years or done 100 days' development work in that country.
"Alternatively, the player might have played for his country before or received a special dispensation from the ECC. This goes to people who are very close to fulfilling the criteria.
"When we interviewed both players it became clear that they neither knew of the development criteria nor could they fulfil it."
Holdsworth also rejected Nikitas' claims that the ECC had acted after the event by imposing the penalty after originally allowing Mariozotis and Toussis to compete.
"We were happy with the information that we were given at the time," he said. "Happy because the president of every federation has to sign a declaration that it is a true record.
"However, when we received a complaint we were duty-bound to investigate."
A place in the first division would have meant a chance of qualifying for the 2011 World Cup. That now looks a dream as distant as ever.
Results (50 overs a side):
Greece 180 (P Maraziotis 54, G Stogianos 38); Germany 124 (ID Kontarinis 3-24 D Triantafillidis 3-16). Greece won by 56 runs.
Greece 282-6 (P Maraziotis 102, A Manousis 95); Gibraltar 139 (Mehmood Ahmed 4-16, Ali Adnan Haider 3-22). Greece won by 143 runs.
Guernsey 131 (S Goustis 4-13); Greece 135-1 (A Koutsoufis 54 not out). Greece won by 9 wickets.
5th-8th play-off: France 201 (A Koutsoufis 3-31); Greece 45-2 (10.2 overs). Match abandoned. France win on higher net run rate.
Greece hammering teams in Cricket, now thats something you wouldnt think of
