One of the main drivers of the economic boost the Greek economy experienced under Metaxas was the armaments industry, which became Greece’s biggest industry and second largest export. At the center of this industry was the GPCC, the Greek Powder and Cartridge Company also […]
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Ioannis Metaxas has been described as a conservative and as a reactionary force against the reformist activity of Venizelos. But, is that true? The truth is that while in office, Metaxas was responsible for some of the most important and innovative […]
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In 1936, the Greek economy was in a precarious state, running a budget deficit of 844 million drachmas and dependent on a constant stream of ever-growing foreign loans. The rate of unemployment in the country was high: in a country of about […]
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Now that Greece is in the news for the debt crisis, it’s convenient to have a look back at Greek history for inspiration. 72 years ago, Greece under Metaxas stopped payments to its creditors. It was June 1939 when dictator Ioannis […]
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