1939

When Britain Pledged to Defend Greece 18 Months Before OXI Day

On October 28, 1940, Greece refused an Italian ultimatum, a moment the country still marks every year as OXI Day. Eighteen months earlier, Britain had publicly promised to stand behind exactly that kind of refusal. On April 13, 1939, Prime...

How Greece Stopped Payments to Creditors 77 Years Ago

It was June 1939 when dictator Ioannis Metaxas decided to stop payments to Greece's creditors claiming the needs of Greek people as the reason. Greece's inability to fulfill its loan obligations had started in 1932, when after a series of...