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Greece The Return of the Left
Sources: The Library of Congress Country Studies; CIA World Factbook
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    In 1981 PASOK's triumph over ND, which had governed Greece since the overthrow of the military junta in 1974, was a watershed event in Greek politics, about which much has been written. The victory and the proclamation of a grand new plan of government were greeted with elation by the party's most ardent supporters, and with fear and apprehension by many conservatives. By the end of PASOK's first four-year term in 1985, the strong feelings of both groups had largely dissipated. With the exception of some important pieces of social legislation and a massive influx of new faces into the top levels of government, PASOK had proved incapable or unwilling to make the dramatic transformation that it had promised.

    Papandreou's populist economic policies resulted in an accelerating public debt and an unabated annual rate of inflation in excess of 20 percent. Despite occasional outbursts of anti-American rhetoric that generated frictions with Western allies, Greece remained firmly committed to the much-maligned North Atlantic Treaty Organization (NATO--see Glossary) alliance. And, far from being a modernizing force, PASOK had managed to make the civil service and the large, debt-ridden public companies even more inefficient and unwieldy, through the massive hiring of employees that swelled the ranks of supernumeraries in these organizations.

    Data as of December 1994

    NOTE: The information regarding Greece on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Greece The Return of the Left information contained here. All suggestions for corrections of any errors about Greece The Return of the Left should be addressed to the Library of Congress and the CIA.

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Revised 10-Nov-04
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