The authors of the paper find that internal strife and ineffective economic policies are the two largest factors associated with the economic difficulties in Greece.
The Eastern European Division of the Bank's Loan Department issued four papers intended to supply information necessary for analysis of loan applications from countries in the region. The fourth preliminary paper is the first of a two-part report on Greece. The authors of the paper find that internal strife and ineffective economic policies are the two largest factors associated with the economic difficulties in Greece. A second report on the country's economy, released in 1952, will be based on the findings of Kyriakos Varvaressos, an economist appointed by the Greek Prime Minister as economic advisor for a Greek appraisal mission. Varvaressos argues that the restoration of monetary stability is crucial for prosperous economic and social conditions. He also finds that drastic reorganization in the country's public administration is needed and that it will take time to solve such a considerable problem.
The report describes the present economic problems in Greece and the possible means of facing them.
The report describes the prevailing political and agricultural conditions in Greece.
March 30, 1951
The informal report provides basic statistics on the country as well as political and economic analysis (1783123).
On page 14 of the transcript, Garner mentions that the World Bank had never made a loan to Greece because of the country's financial situation.
On pages 1-8 of the transcript, Westebbe discusses Greece and its relationship with the World Bank.