Mises Wire

Why Greece?

NYT, March 16, 1913, on the eve of World War I: “The news of the assassination of King George has caused profound emotion throughout Greece. Telegrams confirming the report of the murder were received this evening from Prince Nicholas and from the Greek Administrator of Salonika, but full details of the crime are lacking. According to the information received from Salonika the assassin, Schinas, declared when he was arrested that he killed the King because the latter had refused to give him money which he asked for.”

NYT, March 15, 1947, on the eve of the Cold War: “President Trumans message to Congress asking for United States help for Greece and Turkey has caused excitement here. No official circles would give an official statement. Some privately denounced the President for ‘sabotaging the Moscow conference.’ Borba, Communist daily, which is looked upon as a mouthpiece for the Government, commented bitterly on ‘American intervention in Greece.’”

NYT, April 28, 2010, on the eve of European economic collapse?: “With Greece inching closer to the brink of financial collapse, fear that the debt crisis will spread rattled global markets for a second day Wednesday as they awaited a signal from financial leaders gathering in Berlin. Investors have grown increasingly nervous about the fate of Greece, and other economies that use the euro. A recent proposal by European governments to extend 45 billion euros worth of loans, together with a smaller pledge by the International Monetary Fund, to help Greece meet its bills, has done little to calm the markets, and Germany’s statement this week that it must first see more deficit reduction from Greece before fulfilling its pledge has only increased concerns that Europe is not united behind Greece.”

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