The recent 15 June 1995, M-0 = 6.0 x 10(18) N m, Aigion earthquake in
the western Gulf of Korinthos has focused attention on the seismic haz
ard of the region. Although there have been few large earthquakes in t
he region during this century, the historical record suggests that the
re may have been many large earthquakes there in the interval 1750-190
0. We present geodetic data that give estimates of the rate of extensi
on of the Gulf of Korinthos during this century and which suggest that
less than half of the elastic strain in the central and western Gulf
of Korinthos has been released by earthquakes during this century. In
contrast, the seismic and geodetic strains in the eastern Gulf of Kori
nthos are in agreement with each other. If the discrepancy between sei
smic and geodetic strains in the western Gulf of Korinthos that has ac
cumulated during this century is removed in earthquakes, the moment re
lease will be equivalent to several M-s > 6.5 earthquakes.