The policies of the 1950-1966 period, in general, facilitated strong economic growth and fostered economic development in Greece. However, the political instability and social unrest which resulted from the oppressive actions of the right-wing state apparatus caused the loss of potential development progress. In particular, the fall from power of the Centre Union, which led to the rise of the military junta, hurt economic development. Many of the policies of the Centre Union were not continued, or were reversed. Additionally, the political instability during this entire period, which manifested itself, in part, in unproductive parliaments, hindered the formulation and implementation of development policies. With these qualifications in mind as well as the condition of the Greek economy in 1950, the hypothesis that the economic policies of the administrations during this period, as discussed in Chapter Two, helped the progress of economic development is acceptable.
During the entire 1950-1966 period, real growth was very strong. Consumption per capita and savings per capita increased 100 percent and 600 percent, respectively. However, these levels were less than half of those of the EEC averages ( Papaioannou 1984).