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By Athanasios Lykogiannis

 Britain and the Greek monetary hindrance, 1944–1947 concentrates on Anglo-Greek interactions in fiscal concerns through the political and monetary turmoil among the Axis profession of Greece and the Greek civil battle. via reading the Greek hindrance basically in financial phrases, Athanasios Lykogiannis avoids the political partisanship that has coloured a lot earlier writing at the topic and throws mild on many matters ignored via prior authors. Drawing on a variety of untapped British, American, and Greek archival resources, in addition to broad secondary resources, the writer examines the interaction of political and financial components, similar to the ingrained polarization of Greek society and the weak spot and timidity of the country’s governments, that annoyed and lengthy the crisis.Lykogiannis severely examines Greece’s regulations, and the actors in 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 nation, and the explanations for the final word failure of British intervention. He additionally compares the 2 classes of western tutelage of Greece: the British and the yankee, from the declaration of the Truman Doctrine to the inauguration of the eu restoration Program.            Britain and the Greek fiscal obstacle, 1944–1947 argues that whether the Germans have been in charge for the stipulations that resulted in hyperinflation, the mediocre result of successive makes an attempt to stabilize the financial system have been brought on by inner components similar to the economic ineptitude of the postwar Greek governments and their lack of information of, and hostility towards, any kind of fiscal administration. while many have blamed overseas intervention for prolonging the situation, Lykogiannis makes transparent that the selections of successive Greek governments have been way more major. His e-book demonstrates how firmly the main issue of post-liberation Greece used to be rooted within the country’s political, monetary, and social prior.

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Extra resources for Britain and the Greek economic crisis, 1944-1947: from liberation to the Truman Doctrine

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Following a period of decline caused by the rise of the steamship, the fleet recovered toward the end of the nineteenth century, thanks mainly to purchases of second-hand vessels. By 1902, steamship tonnage (181,000) exceeded that of sailing ships (176,000) for the first time. By 1914 the fleet had grown to 592,000 net registered tonnage (NRT), with sailing ships being gradually phased out. Although World War I saw substantial losses (147 ships of 366,000 gross registered tonnage [GRT]), huge profits were made from the higher freight charges that were to continue until the end of 1920.

19. , chaps 3, 4, 5, 6, 8, 9. Political and Economic Background 29 come was even more limited. With increased tariff protection creating a hothouse atmosphere, firms were able to increase profits without investing in productivity improvements. The true cost of the policy was borne by consumers forced to pay higher prices for monopoly products. The cautious flirtation with étatisme had produced deeply unsatisfactory compromises rather than meaningful solutions to Greece’s underlying problems. The emphasis on the role of the state increased dramatically with the coming of the Metaxas dictatorship.

Tax concessions and tariff increases in 1926 also provided a large stimulus to further growth, as did the credit policies of the NBG, which had finally shed its inhibitions toward investing in industry. The 11. , 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.

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