Word: papandreou
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...year-old Odeon of Herodes Atticus, Premier Stephan Stephanopoulos, 67, celebrated his first full year in office in his cluttered quarters at the Parliament building. He had been sworn in as Constantine's solution to the summer-long constitutional crisis provoked by the resignation of Premier George Papandreou last summer and as a way of avoiding Papandreou's demand for a general election. At the time, Papandreou predicted that the Stephanopoulos government, like two others that Constantine had chosen, would have "an ephemeral life." Surprisingly, it has lasted...
...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 Center Union Party with promises of Cabinet portfolios...
Last year he tried to get a government guarantee for a $30 million loan to buy Olympic's three transatlantic 707s. That fell with the Papandreou government. Instead, Olympic got generous credits from Boeing, which figured that Onassis the shipowner was security enough for Onassis the airline owner. Still another crisis arose from a Civil Aeronautics Board rule that foreign lines serving the U.S. must be clearly owned by nationals of the same country. Onassis holds both Greek and Argentine citizenship (which he picked up while living in Argentina in the '20s), so he deftly transferred a majority...
...objective," said New Premier Stephanopoulos, "is to confront serious economic and social problems and restore peace and calm in the country." Yet he can scarcely repeal any of Papandreou's costly programs without enhancing his canny old opponent still more in the eyes of the voters-and sooner or later, as both Stephanopoulos and King Constantine know, there will have to be a general election to put Papandreou's demands to the test...
...George Papandreou was prepared to wait-or so it seemed. He had a long memory-and a sharp knife for opponents. "This third palace fabrication," he maintained, will have "an ephemeral life. It will be crushed by internal rivalries. It will be crushed by popular anger." So saying, he set off to the island of Crete for a series of mass meetings on his favorite topic: the King should reign, and not rule...