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These difficulties have united to cause the virtual destruc-
tion of Greece's foreign trade. Nor can it revive without more stable
political conditions and greater financial aid from abroad to rebuild
the industrial machine, help feed and clothe the people, and re-estab-
lish confidence in Greek currency.
UNRRA has contributed heavily toward the general reconstruc-
tion of Greece. The greater part of an allotment of $420, 000, 000,
chiefly of US origin, had already been applied by the end of 1946. The
US has extended a Surplus Property Credit of $45,000,000, together with
an Export-Impor Bank loan of $25,000,000, and the Federal Reserve Bank
has extended short-term loans secured by Greece's gold holdings with the
Bank. The US Maritime Commission has granted a credit of $45,000,000
for the purchase of ships to replace Greece's lost tonnage. The British
have extended credits, and the Turks have given and sold small shipments
of food. Collection of war reparations would also help to expedite re-
construction.
nit
910
Additional measures which would contribute to the economic re-
of
covery of Greece include the following:
1.8
107
1. Stimulation of export trade.
six
sJl
2. Increased domestic production of essential commodities.
end
edj
3.
Currency stabilization.
4. Foreign loans, carefully circumscribed by the lenders
J.BM
in order to prevent uneconomic use by the Greeks, and invest-
ments of foreign capital.
los[
5. Reduction of non-productive government expenditures,
BIT
which would make funds available for reconstruction.
nit
bnis
6. Control and effective utilization of foreign exchange
bed
acquired by the national economy.
119
insurgents
7. Government reforms in administration and taxation.
910
auch
8. Planned conservation of national resources.
adds
west
9. Restoration of communications facilities, including
Campe
roads, rail lines, and harbors. Rolling stock and the mer-
and
et
Mendr
chant fleet must also be restored.
The
bris
Ajority,
all,
of
the
ssa
insurgents
originally
came from Greece.
0.51
dit
- 10 -
TOP SECKET
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"ocrText": "TOP SECRET\nThese difficulties have united to cause the virtual destruc-\ntion of Greece's foreign trade. Nor can it revive without more stable\npolitical conditions and greater financial aid from abroad to rebuild\nthe industrial machine, help feed and clothe the people, and re-estab-\nlish confidence in Greek currency.\nUNRRA has contributed heavily toward the general reconstruc-\ntion of Greece. The greater part of an allotment of $420, 000, 000,\nchiefly of US origin, had already been applied by the end of 1946. The\nUS has extended a Surplus Property Credit of $45,000,000, together with\nan Export-Impor Bank loan of $25,000,000, and the Federal Reserve Bank\nhas extended short-term loans secured by Greece's gold holdings with the\nBank. The US Maritime Commission has granted a credit of $45,000,000\nfor the purchase of ships to replace Greece's lost tonnage. The British\nhave extended credits, and the Turks have given and sold small shipments\nof food. Collection of war reparations would also help to expedite re-\nconstruction.\nnit\n910\nAdditional measures which would contribute to the economic re-\nof\ncovery of Greece include the following:\n1.8\n107\n1. Stimulation of export trade.\nsix\nsJl\n2. Increased domestic production of essential commodities.\nend\nedj\n3.\nCurrency stabilization.\n4. Foreign loans, carefully circumscribed by the lenders\nJ.BM\nin order to prevent uneconomic use by the Greeks, and invest-\nments of foreign capital.\nlos[\n5. Reduction of non-productive government expenditures,\nBIT\nwhich would make funds available for reconstruction.\nnit\nbnis\n6. Control and effective utilization of foreign exchange\nbed\nacquired by the national economy.\n119\ninsurgents\n7. Government reforms in administration and taxation.\n910\nauch\n8. Planned conservation of national resources.\nadds\nwest\n9. Restoration of communications facilities, including\nCampe\nroads, rail lines, and harbors. Rolling stock and the mer-\nand\net\nMendr\nchant fleet must also be restored.\nThe\nbris\nAjority,\nall,\nof\nthe\nssa\ninsurgents\noriginally\ncame from Greece.\n0.51\ndit\n- 10 -\nTOP SECKET"
}