Refugees, Greek debt and tensions with Russia

Continuing our look into the archives, here are five excerpts from 1945 with a contemporary resonance

The World Today
2 minute READ

Greece after the Nazi occupation
Apart from the weakening effect on the currency of the lack of ordinary trade, a further weakness results from the overstaffing of the civil service, which now numbers some 170,000 employees, against a little over one third of that number in pre-war times. In the absence of effective taxation, the high daily cost of administration has to be met largely from an over-issue of notes. These factors have produced a state of affairs in which there appears to be slight hope of avoiding a further inflation of an already sorely tried currency, with its inevitable aftermath of strikes, distress, and further delay to the programme of reconstruction.
Greece: A Crisis of Leadership, December 1945

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