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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (112556)7/12/2015 10:29:21 PM
From: Snowshoe  Read Replies (2) | Respond to of 218543
 
Interesting back story...

Greek Defiance Has a History
nytimes.com

If Constantine was restored to throne, the Allies icily informed Athens, financial aid to the country would be cut off. The message was clear, and the outcome inevitable: The beleaguered Greeks, militarily overextended and woefully dependent on the Allies for financial support, clearly would have no option other than bowing to their creditors’ demands.

But in a proud, impractical and stirring exercise of national sovereignty, the country thumbed its nose at the Allies. Constantine returned to the throne that December. Angered, France and Britain set up a financial blockade, withholding loans that been promised during the world war and that remained payable to the Greeks. The United States also reneged on loans. The drachma lost much of its value. Greece was isolated
.