April 9, 1954

AMERICAN AID: In an interview with Kathimerini correspondent Ilias P. Dimitrakopoulos, the United States Assistant Secretary of State, Henry Byroade, said that Greece, with the help of the United States of America, appears to be achieving a balance between developing defense and maintaining a stable economy. «Defense spending is substantial, there is large-scale growth and the economy appears stable. According to reports received here, Greece has repaired nearly all the damage caused by war, has completed a broad housing program and is gradually raising the people’s living standards. This appears to apply to the nation as a whole, although not to some specific social groups. According to existing information, it appears that Greece is establishing a stable basis for a better life with a considerable increase in the production of goods needed by the population. The country is moving forward with investments in new hydroelectric works, land use, housing and industrial facilities, with an aim toward increasing production and developing general prosperity.

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