A Brief History of Greek Defaults

A Brief History of Greek Defaults First Hellenic Republic borrows to create the Greek State Kingdom of Greece defaulted on market Repayment in 1964; Dictators (1967-74) borrow huge sums loans Second Hellenic Republic defaults 2004 Olympics lending by Conservatives, int'l crisis, cause IMF & ECB intervention, bailout(s) Kingdom of Greece defaulted on regime- change fund International Committee for Greek Debt Management Socialists increase Settlement! public deficit 1821 1843 1878 1893 1898 1932 1964 1985 2010 2015 Overall, the various regimes of the Greek State (Hellenic Republics, Kingdoms of Greece) have had Sovereign Debt Defaults for approx. half of its life-span, or 99 years in debt and 95 borrowing: 0% 50% life-span 100% Background photo CC BY-ND: https://www.flickr.com/photos/365933720NO4/8399136274 @ekapros