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In the 1950s and 1960s Greece continued to develop slowly, initially with the help of the U.S.A Marshall programme and later with the growth of tourism. In 1967 the military seized power in a coup d'état, overthrew the social-democrat government of George Papandreou, senior and established what became known as the Régime of the Colonels, supported by the U.S.A. In 1973 the régime abolished the Greek monarchy. In 1974, dictator Papadopoulos denied help to the USA and as a result the (US/Kissinger) "appointed" a new dictator named Ioannides. Many hold Ioannides responsible for the coup against President Makarios of Cyprus -- the coup seen as the pretext for the first wave of the Turkish invasion of Cyprus in 1974. The Cyprus events and the outcry following a bloody suppression of Athens Polytechnic uprising in Athens led to the implosion of the military régime. A charismatic exiled politician, Konstantinos Karamanlis, returned from Paris as interim prime minister and later gained re-election for two further terms at the head of the conservative Nea Dimokratia party. In 1975, following a referendum to confirm the deposition of King Constantine II, a democratic republican constitution came into force. Another previously exiled politician, Andreas Papandreou also returned and founded the socialist PASOK party, which won the elections in 1981 and dominated the country's political course for almost two decades.

In modern Greek literature, notable authors include Giorgos Seferis and Odysseas Elytis, both of whom won the Nobel Prize for Literature, Nikos Kazantzakis and Vassilis Vassilikos are also widely translated

The manufacturing sector accounts for about 13% of GDP. The food industry is one of the most profitable and fastest-growing areas of manufacturing, with significant export potential. High-technology equipment production, especially for telecommunications, is also a fast-growing sector. Other important areas include textiles, building materials, machinery, transport equipment, and electrical appliances.

Despite the country's numerically small and ill-equipped armed forces, Greece made a decisive contribution to the Allied efforts in World War II. At the start of the war Greece sided with the Allies and refused to give in to Italian demands. Italy invaded Greece on 28 October 1940, but Greek troops repelled the invaders after a bitter struggle. This marked the first Allied victory in the war. Hitler then reluctantly stepped in, primarily to secure his strategic southern flank: troops from Germany, Hungary, Bulgaria and Italy successfully invaded Greece, overcoming Greek, British, Australian and New Zealand units.

Greece achieved high rates of growth in the late 1960s and early 1970s due to large foreign investments. In the mid-1970s, Greece suffered declines in its GDP growth rate, ratio of investment to GDP, and productivity, and real labor costs and oil prices rose. In 1981, protective barriers were removed when Greece joined the European Community. The government pursued expansionary policies, which fueled inflation and caused balance-of-payment difficulties. Growing public sector deficits were financed by borrowing. In October 1985, supported by a 1.7 billion European Currency Unit (ECU) loan from the European Union (EU), the government implemented a two-year "stabilization" program with limited success. Public sector inefficiency and excessive spending caused government borrowing to increase; by the end of 1992, general government debt exceeded 100% of GDP.

Votives were kept on display in the god's sanctuary for a set period of time and then were usually ritually discarded. Bronze tripods, prize cauldrons and figurines, terracotta tablets and figurines, lamps, and vases are typical examples. Armor, weapons, jewelry and other more personalized items were dedicated in large numbers, along with marble statuettes and reliefs. Some of the healing sanctuaries housed replicas of body parts donated in thanks for or in hope of cures. Large sculptural monuments in bronze, marble and other costly materials were routinely dedicated by either private donors or individual city-states in the great Panhellenic sanctuaries like Olympia and Delphi.