Abstract

Greece Saves Herself

The article comments on the politics and the economic situation of Greece. Practically every country in Europe has either a Socialist labor party on the verge of power or a dictator in the seat of authority. Greece was in this second category until recently, when she demonstrated that a dictator can be tossed off the political see-saw without forcing the other end into the mud of party strife and struggle for office. The economic situation in Greece is also improving. Greece has floated but one loan since the war and this was for constructive purposes, namely, the settlement of her homeless refugees, $50,000,000 was subscribed from the financial centers of New York, London, and Athens. Twice since the World War Greece has startled the economist by reversing the common practice of raising state revenue by increasing the output of the printing press.