YoungAction for YouropeVision
GREECE
Greece
Parliamentary Representative Democratic Republic
As proven by history, when a country
changes their political regime (e.g. from fascism
to democracy) it causes notable
changes.
What changes did Democracy bring to each
partner country though?
From 1967 to 1974 Greece
was governed by a military
dictatorship. The 1967–
1974 period was marked
by high rates of economic
growth coupled with low
inflation and low unemployment.
Economic
growth was driven by investment
in the tourism
industry, loose emigration
policies, public spending,
and pro-business incentives
that fostered both domestic
and foreign capital
spending. Several international
companies invested
in Greece at the time, including
The Coca-Cola
Company. Economic
growth started losing
steam by 1972. {1}
Teo-Greece
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