The Guardian of Jamary 26th., in its City Comment column discussed the effects of the virtual breakdown of the Brussels talks on Eritein's sconpmy It said "No doubt if certainty mans" (ths talks hwo failod)"gloom among industrial and City people will deepen further. In the year or two great hopes have been built up on the assumption that this country would become a member of the Community. A negative decision will not only cause widespread disappointment, but will leave a great many people bewildered as to the Kind oF world trading system in which tasy sre going to work in tntare." GHOM Hconovy IN CRISIS.
The Greek economy is on the verge of bankruptcy, said the monthly Nes Economia, in its Jamary issue. Commenting on the economic situation in Greece in 1962, the monthly said that the national debt amounted to 21,461 million drachmas ( nearly £256 million ), "Together with the decrease in industrial and agricultural production, the increase of military expenses (which account for more than fifty per cont of the state budget ), this enormous debt, bigger than the revonue of the state budget, will have tragic consequences for the economy of Greece," It pointed out that the prices of consumer goods went up by 15-20 per cent in 1962; sugar by fifteen per cent y beans — the basic food for the broad masses — by 25-54 por cent. Simultaneous with the drastic increases of commodity prices, unemployment was very serious. At the end of 1962 300,000 were unemployed and 100,000 people had to leave their native home to earn their living ebroad, VHAT HAPPENED TO THE OTHER £21 MILLION 7? ( From New Society )
An article, dealing with drugs and their uses,in the January 17th. isme gave some very interesting information which threw some light on the rate of exploitation in this modern world, After giving some information about how many young children had been saved from death by drugs since the 1930's the article went on to asy * 58,000 are now working and their total earnings are about £19 million per annum, Secondly, their total output is likely to amount to over £40 million each year." Which leads us to the question who gots the other £21 million -— for need we ask}