By Athanasios Lykogiannis
Britain and the Greek financial obstacle, 1944–1947 concentrates on Anglo-Greek interactions in financial concerns in the course of the political and fiscal turmoil among the Axis career of Greece and the Greek civil struggle. by means of interpreting the Greek trouble basically in fiscal phrases, Athanasios Lykogiannis avoids the political partisanship that has coloured a lot past writing at the topic and throws gentle on many concerns overlooked by means of previous authors. Drawing on a variety of untapped British, American, and Greek archival resources, in addition to huge secondary assets, the writer examines the interaction of political and financial elements, resembling the ingrained polarization of Greek society and the weak point and timidity of the country’s governments, that irritated and lengthy the crisis.Lykogiannis severely examines Greece’s regulations, and the actors at the back of them, and assesses the British involvement within the episode: the standard of the measures urged to the Greeks, the limitations dealing with British advisers within the state, and the explanations for the final word failure of British intervention. He additionally compares the 2 sessions of western tutelage of Greece: the British and the yankee, from the declaration of the Truman Doctrine to the inauguration of the ecu restoration Program. Britain and the Greek fiscal situation, 1944–1947 argues that whether the Germans have been guilty for the stipulations that ended in hyperinflation, the mediocre result of successive makes an attempt to stabilize the financial system have been attributable to inner components equivalent to the monetary ineptitude of the postwar Greek governments and their lack of knowledge of, and hostility towards, any kind of fiscal administration. while many have blamed international intervention for prolonging the drawback, Lykogiannis makes transparent that the choices of successive Greek governments have been way more major. His publication demonstrates how firmly the concern of post-liberation Greece used to be rooted within the country’s political, monetary, and social previous.
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Extra info for Britain and the Greek economic crisis, 1944-1947: from liberation to the Truman Doctrine
The presence of political appointees ensured that ministers had little access to impartial advice. In a system where power was rarely delegated, ministers personally handled all matters down to the most trivial and spent much of their time besieged by crowds of suppliants. Such practices were hardly conducive to devising coherent policies. The overcentralization of the system ensured that its inertia was transmitted to the provinces. All meaningful decisions were taken in Athens, where all senior appointments were made.
88–91, 239, 243, 251, 253; Royal Institute of International Affairs, South-Eastern Europe, 156, 159–60. 12. M. Dritsas, “Bank-Industry Relations in Inter-War Greece: The Case of the National Bank of Greece,” 203–17; M. Mazower, “Banking and Economic Development in Interwar Greece,” 206– 31; Mazower, Greece and the Inter-War Economic Crisis, 53–55; Stavrianos, Balkans since 1453, 298– 99; G. Harlaftis, A History of Greek-Owned Shipping: The Making of an International Tramp Fleet, 1830 to the Present Day, 115–17.
S. Stavrianos, The Balkans since 1453, 296–98. Political and Economic Background 23 establishing a new entity to subsidize and administer production, the Autonomous Currant Organization (ACO). For a while, this provided a degree of stability, but by the end of the decade the ACO faced bankruptcy. 9 As prospects for currant growers declined, a new export opportunity opened up in the 1920s. Tobacco had long been a specialty of the areas acquired after the Balkan wars. With international demand buoyant after World War I, Greek producers responded accordingly, and average harvests from 1923 to 1926 doubled those of 1919 to 1922.
Britain and the Greek economic crisis, 1944-1947: from liberation to the Truman Doctrine by Athanasios Lykogiannis