ABSTRACT
The banking house Hoskier was the only one to display any interest in participating in an international consortium and attempted, unsuccessfully, to gain access to the Roux report from the French ministry of finance for Hambro, a potential partner in the consortium. Bankrupt Greece was forced to turn to the international financial markets to find the necessary money. Nonetheless, just a few years after the commission had been established, Greece was again able to independently borrow money on the international financial markets at the usual conditions. From the perspective of institutional economics, it could be assumed that the establishment of the international financial commission (IFC) in 1898 played a decisive role in re-establishing the confidence of the international financial markets in Greece five years after the country’s bankruptcy. The financial experts of the globalising banking world were not fooled by the illusion that the IFC could safeguard creditors from the risks of the Greek market, perceived as Oriental and thus chaotic.
