In Athens
Richard Clogg, 5 July 2012
“... ever recorded, five thousand times more severe than the Weimar inflation of the early 1920s. Price levels in January 1946 were more than five trillion times those of May 1941. The exchange rate for the gold sovereign in the autumn of 1944, shortly after the liberation, stood at 170 trillion drachmas. By that time, Davis’s pile of notes would scarcely ... ”