Friday, June 24, 2011

The Papandreous: Greece's first family

Associated Press
June 24, 2011

One family has dominated Greek politics for more than half a century: the Papandreous.

A George Papandreou was in charge in the 1960s at a time of constitutional upheaval. And a George Papandreou rules now amid a financial crisis that threatens the nation with ruin.

The current prime minister's father, Andreas Papandreou, and his namesake grandfather were larger-than-life leaders credited as reformist architects of modern Greece but also blamed by many for the country's mountain of debt.

In a historic irony, George Jr. is being forced to dismantle state projects championed by his leftwing father, who poured borrowed billions into job guarantee schemes and expensive development ventures that fostered corruption and helped lay the groundwork for the current crisis.

"The son is paying for his father's sins," said author and political commentator Nikos Dimou.

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