Word: drachma
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...Reform. The regime has even accomplished some things. Panic buying of gold, which threatened the drachma, was stemmed by the central bank early in the year. Since then, the economy has expanded nicely. Gross national product will be up 8% for 1966, industrial production is up 15% , and after nearly two years of inflation brought on by Papandreou's free-spending policies, prices have stabilized. Governing with a precarious majority of 152 Deputies (out of a 300-man Parliament), in which the balance of power is held by 40-odd Deputies weaned away from Papandreou's once-dominant...
...Paris money market--the scene of his greatest triumph--would become his permanent resting place. His spirit would pass from that earthly shell through the veins of the monetary system to all corners of the earth. His very being would animate each franc, each dollar, each ruble, rupee, and drachma. And, long after his death, statesmen would journey to inspect the great French general, the leader of men who proved far more valuable dead than alive...
...agreed to leave Greece and retire to an estate in Austria in return for a large pension from the government. Other papers quickly joined in to embroider the indelicate suggestion. It was said Frederika had demanded $150,000, but Papandreou had insisted on $100,000 and not a drachma more. Typically, too, there was no way to get official confirmation-or denial-of anything about the affair...
...speak, expensive propositions. In Athens, Finance Minister Constantine Mitsotakis announced that the marriage of Greece's King Constantine, 24, to Denmark's Princess Anne-Marie, 18, cost the treasury $303,000, including $183,300 spent on wedding gifts. However, an issue of 2,000,000 commemorative 30-drachma pieces will net a profit of $1,063,000, leaving the wily Greeks with $760,000 to play around with, or possibly use as a dowry for Crown Princess Irene...
...road outside Athens, because he slammed on his brakes to ask which way. The Thunderbird trailing behind was tooling along at the usual fast pace of its owner, Greece's dashing bachelor King Constantine, 24, with his sister, Princess Irene, 22, and it did not stop on a drachma. Instead, it crashed into the rear of the fire engine. The reigning monarch and Irene came out of the accident with a few bumps, but the front of the car was a wreck, and Premier George Papandreou still has the shakes, because while Constantine may not be the world...