Great interest to the problem of the atmospheric greenhouse effect (not only in scientific publications, but also in mass media), on one hand and undoubtfully overemphasised contribution of the greenhouse effect to the global climate change, on the other hand, motivate a necessity to analyse the role which the greenhouse effect plays as a factor of climate change. Significant progress in the analysis of existing observational data as well as succesfull development of numerical climate modeling which have been achieved during the recent few years create a basis for new survey of the atmospheric greenhouse effect in the context of global climate change. Such a survey is the principal purpose of this paper. After discussing a notion of the greenhouse effect the detailed analysis of the present-day and paleoclimatic observational data has been conducted with subsequent consideration of numerical modeling results. A special attention has been paid to assessments of the greenhouse warming versus aerosol cooling. Then possibilities of the early detection of a greenhouse climate signal have been analysed and a few comments on the global climate observing system have been made with the general conclusion that more observations and further numerical modeling efforts are necessary to more reliably assess contributions of various mechanisms to observed global climate changes. It is only in the context of a coupled totality of significant climate forming factors and processes that the contribution of the greenhouse effect maybe estimated. A comprehensive analysis of the records of surface ozone available for Athens, Greece, (38 degrees N, 24 degrees E) for the periods 1901-1940 and 1987-1990 is presented. Both records are analysed to explore the intraseasonal fluctuations and the harmonic components of surface ozone and are also compared to other historical surface ozone records. The variation in surface ozone concentration during rainfall is also investigated, using the hourly measurements of the surface ozone concentration obtained by a network of four stations within the Greater Athens area. The results indicate that, during rainfall events which are associated with the passing of a cold front, an important decrease of the surface ozone concentration is observed. Daily measurements of surface ozone and NOx from five stations in the Greater Athens Basin over the period 1986-1990 are also used in order to examine the main features of basin-wide O-3-HC-NOx relations. A simple regression model between the surface ozone concentration and the temperature at the 850 hPa level, which was first tested in Los Angeles, gave satisfactory results in reproducing the mean monthly ozone variation in Athens, when coefficients extracted from local data were used in the regression equation. A series of vertical ozone soundings over Athens has been also performed in order to explore the tropospheric ozone variations and to examine further the transport that occurs at the 700 hPa level with advection from the northwestern sector. The relevant results are discussed. The existing uncertainties concerning the stratosphere-troposphere exchange of ozone which mainly occurs during mid-latitude tropopause folding as well as during cut-off low events are also discussed. The examination of the role of the atmospheric circulation in the lower stratosphere in relation to the laminated structure of ozone is also attempted. The data collected during the balloon ascents have been compared with those during the balloon descents. Both profiles are compared with the total ozone measurements derived from the TOMS on the Nimbus-7 satellite and the Dobson spectrophotometer. The data collected for the vertical distribution of ozone and temperature have been compared with the satellite - derived reference models which provide the monthly latitudinal variations of vertical structure of both ozone and temperature. We have also used total ozone measurements obtained with a Dobson spectrophotometer (No. 118) which have been instituted in Athens from 1989 in order to examine the consistency of data from TOMS with the corresponding Dobson data on a daily basis. Furthermore monthly mean total ozone data were first estimated for the entire period and were then Fourier analysed to obtain the amplitude, phase and percentage contribution to the total variance of the first, second and third harmonics.