CASE ANALYSIS : THE GREEK CRISIS :TRAGEDY OR OPPORTUNITY?

Group 2: Abhinav Singh Arpit Khasgiwala Charlotte Dupin Nathan Lemaire Sadia Khan

IMT GHAZIABAD
The History of Greece
Europe’s Forbear :
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Hellenic Republic: stood at the tip of Balkan peninsula in the eastern

Mediterranean Sea, a strategic but historically unstable crossroads dividing Europe
from Mediterranean Sea 324 AD : Constantine moved his capital to a Greek city –
Constantinople (now Istanbul, Turkey) 1821: Greek diaspora initiated a war of
independence, won in 1832 Defaulted four times, frequent depreciation of drachma
1909 -1940: 4 Kings, 10 coups, 38 governments, 20 Prime Ministers
The History of Greece
Post- World War II Economy :
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1941: Hitler conquered Greece Early Post-war era: two political dynasties
Conservative Greek parties: Constantine Karamanlis Progressive parties: George
Papandreou 1950’s : conservative Monetary and Fiscal Policy, currency committee
regulated banks, allocated credit Banks required to hold 18% of their deposits in
T-Bills 1963: Papandreou formed left-leaning government 1967: Military coup GDP
fell to 6.4% after oil crisis Karamanlis returned from exile to lead transition
government
The History of Greece
New Greek Polity:  Karamanlis formed
The History of Greece
The 1980’s : Populist Years
The History of Greece
1990’s : European Union