This is a mistranslation; it was the Byzantines (part of Roman empire) not the Greeks that were mentioned. Surah Al-Rum (Rome) -
http://www.al-sunnah.com/call_to_islam/quran/pickthall/surah30.html
Text regarding the Surrah-
The Byzantine Empire, which had met with a great defeat, would soon gain victory.
Alif, Lam, Mim. The Romans have been defeated in the lowest land, but after their defeat they will be victorious within three to nine years. The affair is Allah's from beginning to end. On that day, the believers will rejoice. (Qur'an, 30:1-4)
These verses were revealed around 620, almost 7 years after the idolatrous Persians had severely defeated Christian Byzantium in 613-14. In fact, Byzantium had suffered such heavy losses that it seemed impossible for it even to survive, let alone be victorious again. Following their defeat of the Byzantines at Antioch in 613, the Persians seized control of Damascus, Cilicia, Tarsus, Armenia, and Jerusalem. The loss of Jerusalem in 614 was particularly traumatic for the Byzantines, for the Church of the Holy Sepulchre was destroyed and the Persians seized the "True Cross," the symbol of Christianity.
In short, everyone was expecting Byzantium to be destroyed. But during this time, the first verses of Surat ar-Rum were revealed, announcing that Byzantium would triumph in 3 to 9 years. This predicted victory seemed so impossible that the Arab polytheists thought it would never come true.
Like all the other predictions in the Qur'an, however, this one also came true. In 622, Heraclius gained a number of victories over the Persians and conquered Armenia. In December 627, the two empires fought a decisive battle at Nineveh, some 50 kilometres east of the Tigris river, near Baghdad. This time too, the Byzantine army defeated the Persians. A few months later, the Persians had to sue for peace with Byzantium, which obliged them to return the territories they had taken from it.
The Byzantine victory was completed when Emperor Heraclius defeated the Persian ruler Khosrow II in 630, recaptured Jerusalem, and regained the "True Cross" for the Church of the Holy Sepulchre. In the end, "the victory of the Romans" proclaimed by Allah in the Qur'an miraculously came true within the verses' stated "three to nine years" time frame.
Another Important Fact-
Another miracle revealed in these verses is the announcement of a geographical fact that could not have been known by anyone at that time: that the Romans had been defeated in the lowest region of Earth. This Arabic expression adna al-Ard is interpreted as "a nearby place" in many translations. However, this is not the literal meaning, but rather a figurative interpretation. The word adna, derived from the word dani (low), means "the lowest". The word ard means "the world." Therefore, adna al-ard means "the lowest place on Earth."
Some interpreters of the Qur'an, considering the closeness of the region in question to the Arabs, prefer the "closest" meaning of the word. However, the actual meaning indicates a very important geological fact: The Dead Sea, one of the regions in which the Byzantines were defeated in 613-14, is the lowest region on Earth.
As stated earlier, for Christian Byzantium, the loss of the True Cross was the heaviest blow in that defeat in Jerusalem, located near the shores of the Dead Sea.
The Byzantines and the Persians actually fought at the Dead Sea basin, which is situated at the intersection point of the lands belonging to Syria, Palestine, and Jordan. At 399 meters below sea level, the Dead Sea is the "lowest" place on Earth's surface.
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