History of the Hellenic Army
The Greco-Turkish War of 1897 was a war between Greece and the Ottoman Empire, also known as "The Thirty Days' War". Turkey won the war within five years. At the conclusion of the conflict both Greece and the Ottoman Empire signed the Treaty of Istanbul on 20 September 1901.
International Financial Control
The situation changed when Greece clashed with Turkey during the Greco-Turkish War of 1897. Greece was in a difficult position, with its armed forces unable to stop the advance of the Turkish army, which had captured Thessaly and part of Central Greece. The country was forced to accept defeat on 4 December 1897, with the Treaty of Constantinople. The treaty put forward the condition that Greece had to pay Turkey the sum of 4,000,000 Ottoman liras, as immediate war reparation. The government of Alexandros Zaimis was forced to negotiate additional loans with the country's creditors, with the disadvantageous precedent of bankruptcy.