The () was declared on 25 March 1924, after the defeat of Greece by
Turkey in the
Asia Minor Disaster of 1922, the
September 1922 Revolution and the subsequent exile and death of
King Constantine I in 1923. The king and his chief opponent,
Eleftherios Venizelos, had struggled over control of the country from 1915 to his death and the country was sorely divided (see
National Schism). King Constantine was succeeded by his son,
King George II, who in the wake of a
failed royalist coup was asked by the parliament to leave Greece so the nation could decide what form of government it should adopt. In 1924, the Republic was proclaimed and
confirmed by plebiscite. The first President of the Hellenic Republic was
Pavlos Kountouriotis, an Admiral and supporter of Venizelos who resigned after a coup d'état in 1925. He was succeeded by the coup's leader General
Theodoros Pangalos, who was likewise deposed by the military 5 months later after embroiling Greece in the
War of the Stray Dog. Kountouriotis was reinstated and reelected to the office in 1929, but was forced to resign for health reasons later that year. He was succeeded by
Alexandros Zaimis, who served until the restoration of monarchy in 1935. Despite a period of stability and relative prosperity under the last government of
Eleftherios Venizelos in 1928–1932, the effects of the
Great Depression were severely felt, and political instability returned. Although the opposition
People's Party, which represented the royalist and anti-Venizelos factions of the electorate, had pledged to support the Republic, its imminent rise to power after the
March 1933 elections caused fears of a return to the monarchy. A
Venizelist coup was launched but quickly suppressed. Following the outbreak of another
Venizelist-inspired coup in March 1935, which was suppressed by General
Georgios Kondylis, the army was purged of Venizelist and republican officers, and the return of the monarchy became inevitable. On 10 October 1935, the chiefs of the Armed Forces overthrew the government of
Panagis Tsaldaris, and Kondylis declared himself Regent. He abolished the Republic and staged a
plebiscite on 11 November which resulted in the return of King George II to the country. == Third Hellenic Republic (1974–present)==