OCR Text |
Show GREECE FACES 1 CRjSIS American Financial Aid May Be Required to Save Situation ATHKNfl, Feb; 11 By the Associated Press). Kcononjlc conditions In Greece are becoming serious. The exportation of tobacco and other products is at a standstill, the army In Smyrna is costing 3.000.000 drachmas per day and I treasury receipts are dwindling. The. new Greek premier has Informed Edward Ed-ward Capps. American minister to Greece, that the financial situation Is "desperate" and has declared that only action by the United States In advancing ad-vancing some 133.000.000 on credits created In III) can bring relief. Food prices are mounting In propor-. tion to the decline of the exchange rate on the drachma, which at present stands nt 15 to the dollar. It Is slmost Imponlhle to nmnm meat "1 tiellef Is expressed that It will soon be neces- miry ir irw? uvrnmriii m iwuv in -- ' tirkm. In addition labor troubles Mppour threatening:. The atrika of electriciana. which waa railed thia week, may be-com be-com irneral unleaa the men'a de-manda de-manda for waa;e IncreaNrs are granted. Naval englneera have occupied the eelctrlc power atatlon aa a, reault of the electriciana strike, hut the cur-1 rent waa auddenly off at 7 o'clock last evening;. The city waa pi united Into darkneas and parliament waa forced to adjourn lta aittinir. A meeting; of the Labor party waa dispersed by troops. |