50 Years Ago Today

IN SUPPORT OF STRIKERS: Instead of threatening to mobilize striking bank workers, Prime Minister Sophocles Venizelos would do well to look at the workers’ demands, together with the management of the banks, and find a reasonable way to settle their differences. In every postwar strike by civil servants or public corporations, mobilization has never been effective, simply because it has never been implemented, nor is it able to be implemented. So let the government give up on the idea and let it examine the substance of the strike, which has brought the country’s largest credit institutions to a standstill and is likely to lead to a general economic upheaval. HE IS STAYING: Following an appeal by the prime minister, Deputy Prime Minister Emmanouil Tsouderos has agreed to remain with the government until the entire Cabinet submits its resignation. STOCK EXCHANGE: During the past week, movement on the stock market was slightly improved over the previous week. There were some transactions in banking shares at the Bank of Greece. (…) The volume of transactions for the week amounted to 347 million drachmas, compared to 262 the previous week. FALL: It appears that fall is upon us. The evenings are quite cold and only a few people are still swimming. Greece’s unreserved support for the American nation as expressed by Prime Minister Costas Simitis was inevitable. Being an integral part of the family of liberal, Western democracies, Greece could not possibly have remained neutral in a war declared by the forces of obscurantism, not only on the USA but also on freedom and democracy per se.

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