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
Published 25 September 2015 Updated 11 December 2020 2 minute READ

Alan Philps

Former Editor, The World Today, Communications and Publishing

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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