The third time the country is declared bankrupt… The date is 10 December 1893, and Charilaos Trikoupis announces to the Greek people that the country has gone bankrupt… That is how history tells it. But is that really the case? Even today, historians continue to investigate whether—and how—the phrase that passed into history was actually uttered. What remains indisputable, however, is that the country did go bankrupt. Indeed…
The international financial crisis, the currant crisis, the excessive loans taken out to finance public works, and the frequent changes in political leadership created an uncontrollable situation and placed the population in an extremely adverse position…
All that was done—and all that was not done—at the time, in an attempt to save the situation.