Tuesday, November 19, 2013

Greeks have good memories!

For whatever it is worth, this paper analyzes car sales in Greece since the crisis with particular emphasis on the question of how car sales developed during periods when Greek-German emotions reached high levels. This is the interesting conclusion:

"During months of open conflict between German and Greek politicians, German car sales fell markedly more than those of cars from other countries. This was especially true in areas affected by German reprisals during World War II: areas where German troops committed massacres and destroyed entire villages curtailed their purchases of German cars to a greater extent during conflict months than other parts of Greece".

1 comment:

  1. Yes, for whatever it is worth and to whom.
    It is comforting to know that there are still competent Greek economists out there, waiting to take over when the present economists (poiliticians) have served their time.
    PS. The paper caused worries in Stuttgart (Mercedes-Porsche) until they realized that it applied to "small and medium sized cars".