868.50/11–745: Telegram
The Ambassador in Greece (MacVeagh) to the Secretary of State
Athens, November
7, 1945—5 p.m.
[Received November 8—9:14 p.m.]
[Received November 8—9:14 p.m.]
1262. Foreign Minister8 intends issue following statement new economic program:
- 1.
- Readjustment of taxation and the augmentation of the prices of UNRRA supplies in order to balance the budget on a strong foundation.
- 2.
- Increase of imports. Foreign currency will be definitely allotted without obstruction for the import of every item considered useful and permitted to be imported by the State. The price and use of imported goods will be controlled.
- 3.
- Foreign exchange will be sold to importers at the official rates but subject to surcharges varying with the types of goods in order to absorb the difference between world and domestic price levels.
- 4.
- Credit will be granted under control in order to develop production and internal trade.
- 5.
- An application for financial assistance from Allied sources on a broader basis will be made and if granted will be used mainly for the immediate rehabilitation of the country.
- 6.
- UNRRA supplies will be distributed and valorized quickly.
- 7.
- Effective price control with regard to the particular peculiarities of the country will be organized.
The proposals have been fully discussed with representatives of the British Embassy and UNRRA who are in general agreement.
The representative of the US Embassy was also present at the discussions.
MacVeagh
- Panayotis Kanellopoulos was Prime Minister and Minister for Foreign Affairs.↩