Greek economic miracle

[2][3][4][5][6][7] From 1941 to 1944, Greece endured the devastating effects of World War II, including military invasion, occupation, and fierce fighting with Greek Resistance groups, which all caused unprecedented damage to the country's already-underdeveloped infrastructure and economy.

By 1950, the relative position of the Greek economy had dramatically deteriorated: the income per capita in purchasing power terms fell from 62% of France's in 1938 to about 40% in 1949, less than a decade later.

[2] Greece's recovery began almost immediately after the end of the Greek Civil War and is attributed to several factors, including economic and foreign policy[9] and social and cultural changes.

[14][15][16] Greek political leaders such as prime minister Konstantinos Karamanlis and parliamentarians Georgios Kartalis and Spyros Markezinis are also credited with having stewarded increased investment.

In the summer of 1965 King Constantine II forced Papandreou to resign and the country entered a long period of political turmoil which finally lead to a US backed military dictatorship in 1967.