Word: foreign
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Dates: during 1960-1969
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...emphasize the changing character of his regime, Premier George Papadopoulos last week granted his first interview in many months to a foreign newsman. Over cups of thick Turkish coffee in his wood-paneled office in Athens, Papadopoulos told TIME'S Wilton Wynn of his desire to reestablish parliamentary government in Greece, reaffirmed his allegiance to King Constantine and declared his own willingness to step down from power. Self-confident and relaxed, the Premier avoided any reference to the seamier side of his army-backed regime, which still holds 1,800 Greeks in prison camps in the Aegean islands...
Eliminating an Excuse. At least two leading Athens politicians have sought to seize on the developments to resume activity. They are Evangelos Averoff-Tossizza, 58, Foreign Minister in Constantine Karamanlis' conservative government from 1956 to 1963, and Spyros Markezinis, 59, the former leader of the small Progressive Party. Said Averoff, who wants to found an opposition party: "I will continue attacking the regime, but I will do so in a legitimate way, not in a subversive manner." Papadopoulos has seemed content to allow them to make preliminary attempts at organizing parties. "I would be happy," he said, "if someone...
...thrust at their Swiss counterparts, whose secret subterranean vaults have long been the world's principal haven for nervous money-accounts whose owners are not anxious to admit ownership. After two days of public hearings, Patman called for legislation making it illegal for Americans to deal with any foreign bank that does not allow inspection of its records by U.S. regulatory agencies...
...accounts are particularly handy for circumventing U.S. securities laws. To get around the restrictions on trading by "insiders," for example, corporate officers sometimes buy or sell stock in their own companies through Swiss banks. Other U.S. investors use the banks to sidestep margin requirements. The Government estimates that all foreign banks -in Panama, Nassau and West Germany as well as in Switzerland-account for at least 8% of the transactions on the New York Stock Exchange. In singling out Switzerland, U.S. officials seemed most disturbed about their lack of precise knowledge about all that may be going on. Swiss bankers...
Swiss bankers admit that numbered accounts have been exploited, but they put most of the blame on the 100 or so foreign-owned banks in their country and only a handful of small, Swiss-owned institutions. They insist that, contrary to legend, the biggest banks do not cater to South American dictators or Mafia magnates. Moreover, the overwhelming majority of the thousands of numbered accounts belong to Europeans rather than Americans...