Greek economic and financial efforts, 1940-1941

Abstract

Greece was able to master the economic and financial problems
connected with fighting the Italians 1940-1 and the Germans 1941
thanks to the stocks accumulated in peace time. War material, foodstuffs,
raw materials, fuels and manufactured goods needed for the
fighting forces, both Greek and Commonwealth, dispatched from theUnited Kingdom did not reach Greece on time as they had to be carried
via the Cape Town and the Suez Canal. On the other hand the
U. K. financial aid promised when the war started was puncually remitted
and contributed a lot to increase the confidence of Greek
people to their currency despite the war and facilitated the covering
of war expenses abroad.