April 06, 2013

A little vintage story of bankrupt

It's not the first time Greece is under the pressure of loans from Europe. In the illustration below, which dates back in the late 19th century, Greece is depicted as a girl leaning from the weight of the european loans that the then Prime Minister of the country took, supporting all wrong decisions.

The accumulated debt was so much that in 1893 Greece is bankrupt. "Unfortunately, we bankrupt" said Harilaos Trikoupis after replacing the former Prime Minister, Theodore Deligiannis. His phrase passed in modern greek history. Below, it's a poster of the time showing Trikoupis. On top there's the word "bankrupt", on his collar says "damn" and below "unfortunately, we bankrupt".

Greece borrowed from Europe again and from 1897 to the end of World War II was under International Economic Control. In an illustration of the time, Europe is depicted as an aggressive chicken while Trikoupis is trying to steal her eggs with his left hand. On his right hand, he holds his hat which is placed in this way so as he can put the eggs in.

"Those who cannot remember the past are condemned to repeat it "

George Santanaya

left to right:
Antonis Samaras, Prime Minister of Greece, Evangelos Venizelos head of PASOK (and wanna-be PM), Fotis Kouvelis head of "Democratic Left" party

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