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The great depression of the years between the World Wars is widely held to have led to the collapse of democracy in many countries. This study of Greece, which recovered quickly from the economic crisis, argues that there is no simple correlation between economic and political crisis.
In October 1944, the National Unity Government of newly liberated Greece faced a severe inflationary crisis. Although Greece could count on considerable assistance and advice from its allies, particularly Great Britain, much depended on Greece's own actions and its determination to restore economic normality. Success was meager, and by the time the British pulled out of Greece in the spring of 1947, economic stability remained elusive. Britain and the Greek Economic Crisis, 1944-1947 concentrates on Anglo-Greek interactions in economic matters during the political and economic turmoil between the Axis occupation of Greece and the Greek civil war. By analyzing the Greek crisis primarily in economic terms, Athanasios Lykogiannis avoids the political partisanship that has colored much previous writing on the subject and throws light on many issues neglected by earlier authors. Drawing on a range of untapped British, American, and Greek archival sources, as well as extensive secondary sources, the author examines the interplay of political and economic factors, such as the ingrained polarization of Greek society and the weakness and timidity of the country's governments, that aggravated and prolonged the crisis.
This book is about national economic policy responses to the Great Depression of the interwar period. Taking off from a generally liberal starting point in the 1920s, states diverged greatly in their responses. Some were daring while others remained conservative. The two groups further differed among themselves in both degree and kind. The book gives a certain shape to this messy reality by identifying broad policy patterns (paradigms), and offers an explanation of it which emphasizes the ideational disposition of policy actors while recognizing the context that limits what they can do. More specifically, it argues that the ideas held by rulers and the strategies they consequently developed regarding three major groups of interest – business, labour, and, most critically, agrarians – largely determined economic policy variation across nations.
An empirical investigation of financial crises during the last 800 years.
This open access book looks at the migration of Southern European EU citizens (from Portugal, Spain, Italy, Greece) who move to Northern European Member States (Belgium, France, Germany, United Kingdom) in response to the global economic crisis. Its objective is twofold. First, it identifies the scale and nature of this new Southern European emigration and examines these migrants’ socio-economic integration in Northern European destination countries. This is achieved through an analysis of the most recent data on flows and profiles of this new labour force using sending-country and receiving-country databases. Second, it looks at the politics and policies of immigration, both from the perspective of the sending- and receiving-countries. Analysing the policies and debates about these new flows in the home and host countries’ this book shows how contentious the issue of intra-EU mobility has recently become in the context of the crisis when the right for EU citizens to move within the EU had previously not been questioned for decades. Overall, the strength of this edited volume is that it compiles in a systematic way quantitative and qualitative analysis of these renewed Southern European migration flows and draws the lessons from this changing climate on EU migration.
Since 2010 Greece has been experiencing the longest period of austerity and economic downturn in its recent history. Economic changes may be happening more rapidly and be more visible than the cultural effects of the crisis which are likely to take longer to become visible, however in recent times, both at home and abroad, the Greek arts scene has been discussed mainly in terms of the crisis. While there is no shortage of accounts of Greece's economic crisis by financial and political analysts, the cultural impact of austerity has yet to be properly addressed. This book analyses hitherto uncharted cultural aspects of the Greek economic crisis by exploring the connections between austerity and culture. Covering literary, artistic and visual representations of the crisis, it includes a range of chapters focusing on different aspects of the cultural politics of austerity such as the uses of history and archaeology, the brain drain and the Greek diaspora, Greek cinema, museums, music festivals, street art and literature as well as manifestations of how the crisis has led Greeks to rethink or question cultural discourses and conceptions of identity.
In 2010 Greece entered a period of extreme austerity measures, but also of intense struggles and protests. Social and political crisis led to tectonic shifts in the political landscape and the rise to power of SYRIZA. However, despite the impressive expression of resistance in the 2015 referendum, the EU-IMF-ECB ‘Troika’ managed to impose the continuation of the same politics of austerity, privatisations, and neoliberal reforms. This social and political sequence poses important theoretical and analytical questions regarding capitalist crisis, public debt, European integration, political crisis, the new forms of protest and social movements, and the rise of neo-fascist parties. It also brings forward all the open questions regarding radical left-wing strategy today. The contributions in this volume attempt from different perspectives to deal with some of these theoretical and strategic questions using the Greek experience as a case study. Contributors include: George Economakis, Stavros Mavroudeas, Ioannis Zisimopoulos, Alexios Anastasiadis, Maria Markaki, George Androulakis, Despina Paraskeva-Veloudogianni, Eirini Gaitanou, Alexandros Chrysis, Euclid Tsakalotos, Spyros Sakellaropoulos, Panagiotis Sotiris, Giannis Kouzis, Yiorgos Vassalos, Christos Laskos, Angelos Kontogiannis-Mandros.
In this, the first comprehensive survey of the economies of classical antiquity, twenty-eight chapters summarise the current state of scholarship in their specialised fields and sketch new directions for research. They reflect a new interest in economic growth in antiquity and develop new methods for measuring economic development, often combining textual and archaeological data that have previously been treated separately.
This volume makes available some of the most exciting research currently underway into Greek society after Liberation. Together, its essays map a new social history of Greece in the 1940s and 1950s, a period in which the country grappled--bloodily--with foreign occupation and intense civil conflict. Extending innovative historical approaches to Greece, the contributors explore how war and civil war affected the family, the law, and the state. They examine how people led their lives, as communities and individuals, at a time of political polarization in a country on the front line of the Cold War's division of Europe. And they advance the ongoing reassessment of what happened in postwar Europe by including regional and village histories and by examining long-running issues of nationalism and ethnicity. Previously neglected subjects--from children and women in the resistance and in prisons to the state use of pageantry--yield fresh insights. By focusing on episodes such as the problems of Jewish survivors in Salonika, memories of the Bulgarian occupation of northern Greece, and the controversial arrest of a war criminal, these scholars begin to answer persistent questions about war and its repercussions. How do people respond to repression? How deep are ethnic divisions? Which forms of power emerge under a weakened state? When forced to choose, will parents sacrifice family or ideology? How do ordinary people surmount wartime grievances to live together? In addition to the editor, the contributors are Eleni Haidia, Procopis Papastratis, Polymeris Voglis, Mando Dalianis, Tassoula Vervenioti, Riki van Boeschoten, John Sakkas, Lee Sarafis, Stathis N. Kalyvas, Anastasia Karakasidou, Bea Lefkowicz, Xanthippi Kotzageorgi-Zymari, Tassos Hadjianastassiou, and Susanne-Sophia Spiliotis.
First published in 1997, this book analyses some of the key economic issues facing Europe in the interwar period, against the uncertain international, political and economic background of the time. Among the subjects discussed are the legacy of the peace settlements, inflation, trade and reconstruction, international lending, depression and recovery, the position of Eastern and Central Europe, and the progress of the peripheral nations. The book contends that the peace treaties raised more problems than they solved, while the policy mistakes of the Allied powers after the First World War, and their failure to devise an adequate programme of economic and financial reconstruction, weakened the already divided continent, contributing to its disintegration.