Word: pasok
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Dates: during 1980-1989
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...Bank of Crete scandal involves allegations by the bank's owner, George Koskotas, that he systematically looted the Athens-based institution of some $210 million, and then distributed much of the money to high-ranking members of the Socialist Party (PASOK), including the Prime Minister. The commission said it found enough corroboration of Koskotas' charges, which he first made publicly in exclusive interviews with TIME last March,* to recommend prosecution of Papandreou for bribe taking and receiving stolen money...
Vyron Polydoras, the secretary of the commission investigating the Koskotas charges, told TIME that while the case is not open and shut, "events point to Papandreou." The PASOK members on the commission had a different assessment. They issued a minority report saying the evidence was insufficient and "fabricated." Papandreou denounced the charges as a "settling of personal and political accounts" by the conservative-leftist coalition government that took office in July...
...records, not even paper clips. Had members of Andreas Papandreou's outgoing Panhellenic Socialist Movement spirited away documents that might be incriminating? Their administration stands accused of large-scale corruption, including embezzlement and taking kickbacks. Angry politicians suggested that stripping the offices was also an act of revenge. Some PASOK officials admitted as much. Sniffed one: "It was a show of our disapproval of the way this government was formed...
...first time, the Communists in Greece hold the balance of parliamentary power. The Alliance of the Left, which the Communists dominate, won 28 seats and could form a government with either PASOK, which holds 125 seats, or New Democracy. Communist Party leader Harilaos Florakis also demands catharsis but so far has refused to consider entering a coalition under either Papandreou or Mitsotakis...
Before he fell ill, Papandreou, 70, hoped to talk the Alliance of the Left into joining PASOK in "a coalition of the progressive forces." He dismissed the financial scandals, claiming they are simply plots instigated against him by "foreign and domestic forces." But last week another scandal was revealed as U.S. authorities arrested 14 employees of the National Mortgage Bank of Greece on charges of illegally transferring about $700 million to the bank's central office in Athens, apparently to avoid paying taxes...