This is going to end with a Communist Turkey, I can just feel it...
Caria could easily become a flashpoint especially if it returns to Turkish control, regarding the Greeks within the region.
It could, then it could end into a communist Greece for all you know.
In the Turkish case the communist party had its leadership killed off in 1920, and then remained mostly illegal for the next century. So there is a question who'd actually be there to run a communist Turkey.
Yeah, you don't want anything like this . . .
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I see you and raise you this. 100 billion drachmas banknote, November 1944.
Of course not, but ITTL, Greece financial situation is much better owing to stability, less important and dramatic population exchange, a larger pool of resource and population, and a less severe outflow of gold before gold standard was abandonned as was written, and it hasn't defaulted on its debt. So far in the TL, no post has mentioned a Weimar 1923 style collapse, and the last time I remember in the late 1920s, the rate was between 250 and 300 drachmas per British pound. That's not so bad in comparison.
OTL the drachma was at 25 per pound in 1919. Then it start sliding down till stabilizing at 375 to the pound in 1927. After 1932 it shot up to 596 before finally stabilizing at 550 in 1934. TTL the drachma initially stabilizes at 240 and after leaving the gold standard stabilizes at an average ~284 fluctuating between 273 and 300.
The National Government has a thinner majority than OTL (429, of which 387 are Conservatives).
TTL the National Liberals are still part of the Liberal party. Then you have AV voting instead of FPTP.
The creation of the ELEO is a bing change.
OTL there was actually some limited car making, or at least assembling/modification of cars even in OTL. TTL the Ford factory built in Constantinople OTL, after Ford tried and failed to have it built in Greece was actually built in Greece.
That they would want to do it, I wouldn't have any kind of doubts... But, they would be attacking against prepared defenses and without allies diverting the Greeks attention to Europa and/or preventing to deploy their Navy and Armies to Anatolia... So, I don't think that they would risk to attack at least not without further rearmament and preparation to fight again a war in Anatolia...
There might had been an opening in late 1934- early 1935 with France and Britain needing to make concessions to Italy in hopes of securing her support against Germany. Might because I'm not convinced that if Italy invaded either Greece or Yugoslavia France and Britain would not intervene. Italy instead used the window of opportunity to invade Ethiopia and gain concessions in Constantinople... although the whole assassination attempt against Alexander both OTL and TTL was most likely Mussolini hoping to meddle in the Balkans.
The referendum will take place at fall of 1936, the latest. When I say that Turkey will make its move on Asiatic Greece shortly after the referendum, I mean in 1937 or 1938,. It is also certain that Turkey will make this move with the participation of at least one ally.
At the moment if Bulgaria invades along with Turkey, Yugoslavia and Romania are bound by treaty to jump in. Yugoslavia under Stojadinovic might stay neutral but he'd be facing strong internal opposition if he tried to push his own ideas of actually attacking the Greeks, not much different to the Greek national schism ironically. But the Romanians at the moment would join in and could likely smash Bulgaria by their own. Of course then Hungary could attack Romania, which in turn brings in the Czechs and makes Yugoslav neutrality very difficult. Which brings the question what the Germans and Italians do...
Right now, the strategic position of Greece with an alliance between Italy and Turkey and Yugoslavia distancing itself, seems precarious. The terms of the alliance may not be known to the public, but doubtless Venizelos will see it for what it is.
It does not need the diplomatic abilities of Venizelos to see that Turkey just like Bulgaria and Hungary is in the Italian sphere of influence.
I can see a few potential butterflies:
a) Venizelos is doing his best for a rapid rearmament, with special focus on the domestic industry. Greece can now produce rifles, light machine guns, mortars and ammunition. I expect the factories to work with double shifts. Bodosakis seems to have money or more accurately to be able to borrow money, since he bought the Ford factory. The german economy is in full re-armament mode and Hjalmar Schacht needs hard currency. If Bodosakis can pay in pounds, francs or dollars, he can get more machine tools for his factories. The end result might be greek infantry to be well equipped by 1940. Artillery and tank orders would be increased as well.
Bodosalis TTL start in 1922 with a net worth of several million pounds for the obvious reason he has suffered no economic loss from the Asia minor defeat. Just the Pera Palace in Constantinople was worth some 5 million pounds. Post that OTL Greece was exporting something in the order of 20,000t of tobacco per year to Germany. German exports to Greece were fare lower in value. As long as Germany is not willing to export arms to Greece, nor Greece to buy German arms, something else needs to be exported.
Of course the Greek tobacco exports to Germany are a problem for the Greek economy as well, even with much more prominent Greek tobacco exports to the United States (the Turkish exports pre 1922 were nearly exclusively coming from the Smyrna region). Germany will be preferring to import from Turkey and Greece would not want to be dependent to Germany...
Yes i think you are right i think greece should be able to properly equip the 600,000 troops under the current mobilization plan hell i expect the army to expand to 700,000ish men in 1940 and of course the standing army would increase as well with service time increasing soon form 12 months to 24 months..on a side note could greece manufacture anti-tank rifles?
TTL service time was never reduced to 12 months. Industry wise a reasonable role model may be if not Poland then Romania for what should be possible. After all Greek per capital industrialization in OTL was slightly ahead of Poland, a third higher than Yugoslavia and more than twice that of Romania (source Bairoch), while in the 1930s per LoN data Greek industrial output had had the third highest growth... worldwide behind only the Soviet Union and Japan. The weak point of Greek industry OTL was lack of steel production with the first Siemens Martin furnace set up only in 1937 or 38. TTL this has happened in the 1920s.
No with 4.8m pounds equaling to 1.36b drachmas the exchange rate is 283.3 drachmas per pound sterling so the with the Extra forts to cover the yugoslav greece is paying about 7m pounds and with the current army budget at 1b drachmas greece is spending about 3.5m pounds.. so greece in this timeline is a economic beast when compared to otl
Shorta kinda. There is an obvious difference in a much better exchange rate compared to OTL which very much helps for arms imports in addition to a larger economy overall. Compared to OTL Greek GDP in 1936 was 46.7 billion drachmas which equalled 86.8 million pounds and 2.31 billion in constant 1914 prices. TTL it is 3.58 billion in constant 1914 prices and 249.4 million pounds (72.4 billion at current prices)
That said OTL Greek military spending went up from 2 billion in 1934, to 2.4 in 1935, over 4.5 billion in 1936, ~5 billion in 1937, 3.76 billion in 1938 and 4.37 in 1939. TTL it is 3.1 billion in 1934, goes up to 4.2 billion in 1935 and then jumps to 7.5 billion in 1936. As a % of GDP you have something like this:
Year | OTL | TTL |
1932 | 5,38% | 5,86% |
1933 | 4,96% | 5,59% |
1934 | 4,84% | 4,72% |
1935 | 5,47% | 6,07% |
1936 | 9,73% | 10,39% |
1937 | 8,81% | 9,15% |
1938 | 6,75% | 7,40% |
1939 | 7,96% | 8,42% |
Taking machine tools in guise of war reparation is one thing, helping the Germans rearm with inflow of cash is very different.
It's extremely dubious Venizelos or any other Greek politician, including industrialists such as Bodosakis, is going to help the Germans, especially since Germany has been mostly investing in Turkey and by extension, into all potential Greek ennemies down the list.
Help the Germans? Definitely not. Buy stuff from Germany? That is a different question. The prime export of Greece to Germany is tobacco. If Greece is exporting tobacco and getting machine tools the German war effort is not gaining anything. The Greek is...
Besides, Venizelos being quite prescient about the war, I'm sure he would be anticipating Italo-German alliance, with the Tripartite pact on its way. If a war erupts, it's going to be Germany vs France and the British Empire at the very least, and since Greece is bound to support these two.
That's pretty much a given, unlike WW1 there was clear consensus in the years leading to WW2 on which side Greece had to be.
As for the Spanish civil war, it remains to be seen. The butterflies about the Asturias strike and the Catalan attempted secession in 1934 has led the government to be more suspicious of Franco because of the concessions he has extorted from them as written in the TL. It could mean that security services are more closely monitoring Franco and other potential rebels, and like in 1932, move to suppress the coup attempt in its cradle. A surviving Spanish republic could then get into WW2 on the Allies' side.
If anything tensions in Spain are even higher than OTL, both the left and the right have suffered setbacks so far. We shall see how things evolve. Frex when we say surviving Spanish republic... who's going to be leading said Spanish republic? A republic along the lines of Salazar's Portugal, a Stalinish republic and an actual real republic would be all possible.
Oh you don't know what a bastard Bodosakis was. A briliant businessman but a bastard (I think that is the case with most brilliant businessmen).
In OTL he was selling the Spanish Republicans ammunition. He was demanding to be paid in hard currency beforehand. Then he was buying machine tools from Germany. He was using the machine tools to produce more ammunition for the Republicans. The Germans had no qualm about providing tools for producing ammo for the Republicans, as long as they got paid. In the end, I think he was also demanding payment from the Fascists to let them now where to interecept his ships with republican ammo. Basically, he managed to get paid twice - once by the Republicans, once by the Fascists- for the same cargo.
One must note the Greek government was fully involved here. They happily sold both older munitions and older weapons from Greek army stocks to replace them with fresh munitions and get hard currency, with Bodosakis playing the deniable middleman/front (and hugely gaining as well). For just a pair of examples they discarded for sale Terni AA guns and torpedoes bought in the 1920s at prices higher than new Bofors guns and modern torpedoes which replaced then... and Bodosakis sold them of at even higher prices. Plus of course things like exchanging tens of millions of older rifle rounds for newly built ones on an one to one basis at zero cost supposedly in order to recycle their material... recycling a bullet can't gain more value than the cost of a new one...
In any case, the size of greek industry is so miniscule that any german machine tools would be a drop in the bucket when it comes to the german economy. The hard currency would be welcome, but it will be of no particular importance. The same applies to the jugoslavian, romanian even polish and czech economies.
The Czechs where actually 10.75% of Germany's industry in 1938 and the Poles 8.9%. Greece was about 1.87%, the Yugoslavs 3.27% and the Romanians 2.34%. Of course qualitive differences, call me Skoda, applied.
Trade was a normal thing at the time in question, even under the post-depression tariffs. Hell, lorraine iron was used in the german industry both in 1913 and 1938,
And Greek bauxite exported to Japan of all places.