The Marshall Plan: Rebuilding Greece

Greece needs peace and financial stability. There must also be reconstruction and economic development. Without foreign aid, these objectives could not be attained. Moreover, the problems ofGreece cannot be solved until conditions can be created that will give Greek capital the confidence to invest in productive enterprises within the country.The solutions of these problems cannot be worked out separately or one at a time. Without assurance of reconstruction. in Greece, it might prove impossible to create sufficient confidence in the future of Greece to mobilize the forces necessary to end the civil war and to maintain the will to restore financial stability. In turn, without peace and financial stability the nation's resources are inadequate to pursue an aggressive program of reconstruction.Financial stability and reconstruction are therefore the twin objectives of a recovery program in Greece. The tragic reality, however, is that today, with civil war raging, the full realization of eitherobjective alone would consume all of the resources the nation has at its disposal.