Koskotas Scandal
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Koskotas Scandal
Koskotas scandal () was a Greek corruption and financial scandal in 1988–1989 centered on George Koskotas, owner of the Bank of Crete and mass media magnate, implicating the highest-ranking members of the Greek government, including Prime Minister Andreas Papandreou. The scandal marked the end of Papandreou's era of populist rule, during which he had tightly controlled the state apparatus since 1981. Koskotas began his career as a bank employee at the Bank of Crete in 1979 and, within a few years, amassed a fortune by falsifying bank records. By 1985, he bought the Bank of Crete and laid the foundations for his media empire. However, his rise was interrupted by investigations into the rapid changes in media ownership in the mid-1980s, which Greek publishers and the judiciary scrutinized. He left Greece for the United States to avoid justice, where US authorities caught him for unrelated fraud crimes on 24 November 1988. While in prison, Koskotas claimed in a series of interview ...
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Corruption
Corruption is a form of dishonesty or a criminal offense that is undertaken by a person or an organization that is entrusted in a position of authority to acquire illicit benefits or abuse power for one's gain. Corruption may involve activities like bribery, influence peddling, and embezzlement, as well as practices that are legal in many countries, such as lobbying. Political corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain. Historically, "corruption" had a broader meaning concerned with an activity's impact on morals and societal well-being: for example, the ancient Greek philosopher Socrates was condemned to death in part for "corrupting the young". Contemporary corruption is perceived as most common in kleptocracies, oligarchies, narco-states, Authoritarianism, authoritarian states, and mafia states, however, more recent research and policy statements acknowledge that it also exists in wealthy capitalist e ...
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Political Gridlock
In politics, gridlock or deadlock or political stalemate is a situation when there is difficulty passing laws that satisfy the needs of the people. A government is gridlocked when the ratio between bills passed and the agenda of the legislature decreases. Gridlock can occur when two legislative houses, or the executive branch and the legislature are controlled by different political parties, or otherwise cannot agree. The word "gridlock" is used here as a metaphor – referring to the traffic standstill which results when congestion causes the flow to freeze up completely. Proportional representation In countries with proportional representation, the formation of coalition governments or consensus governments is common. The veto player theory predicts that multiparty governments are likely to be gridlocked, while other literature shows empirical absence of increased gridlock. Majoritarian representation United States In United States politics, ''gridlock'' frequent ...
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Constitution Of Greece
The Constitution of Greece () was created by the Fifth Revisionary Hellenic Parliament in 1974, after the fall of the Greek junta and the start of the Third Hellenic Republic. It came into force on 11 June 1975 (adopted two days prior) and has been amended in 1986, 2001, 2008 and 2019. The constitutional history of Greece goes back to the Greek War of Independence (1821–1832), during which the first three Greek constitutions were adopted by the revolutionary national assemblies. Syntagma Square (''Plateia Syntagmatos'') in Athens is named after the first constitution adopted in the modern Greek State. Context The Constitution consists of 120 articles, in four parts: *The first part (articles 1–3), ''Basic Provisions'', establishes Greece as a '' presidential parliamentary democracy'' (or ''republic'' – the Greek δημοκρατία can be translated both ways), and confirms the prevalence of the Orthodox Church in Greece. *The second part (''Individual and Soc ...
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Constantine Karamanlis
Konstantinos G. Karamanlis (, ; 8 March 1907 – 23 April 1998) was a Greek statesman who was the four-time Prime Minister of Greece and two-term president of the Third Hellenic Republic. A towering figure of Greek politics, his political career spanned portions of seven decades, covering much of the latter half of the 20th century. Born near Serres in Macedonia, Karamanlis practiced law until his election to the Hellenic Parliament in 1936 as a member of the conservative People's Party. Rising through the ranks of Greek politics after World War II, Karamanlis became Minister of Labour in 1947, and in 1951 he was named Minister for Public Works in Alexandros Papagos's Greek Rally administration. He was appointed prime minister by King Paul of Greece after Papagos's death in 1955. During his first term, he applied a program of rapid industrialization, heavy investment on infrastructure and improvement on agricultural production, which led to the post-war Greek economic miracle ...
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Turkish Invasion Of Cyprus
The Turkish invasion of Cyprus began on 20 July 1974 and progressed in two phases over the following month. Taking place upon a background of Cypriot intercommunal violence, intercommunal violence between Greek Cypriots, Greek and Turkish Cypriots, and in response to a 1974 Cypriot coup d'état, Greek junta-sponsored Cypriot coup d'état five days earlier, it led to the Turkish Military occupation, capture and occupation of the northern part of the island. The coup was ordered by the Greek junta, military junta in Greece and staged by the Cypriot National Guard in conjunction with EOKA B. It deposed the Cypriot president Archbishop Makarios III and installed Nikos Sampson. The aim of the coup was the Enosis, union (''enosis'') of Cyprus with Greece, and the Hellenic Republic of Cyprus to be declared. The Battle of Pentemili beachhead, Turkish forces landed in Cyprus on 20 July and captured 3% of the island before a ceasefire was declared. The Greek military junta collapsed a ...
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Greek Junta
The Greek junta or Regime of the Colonels was a Right-wing politics, right-wing military junta that ruled Greece from 1967 to 1974. On 21 April 1967, a group of colonels with CIA backing 1967 Greek coup d'état, overthrew the caretaker government a month before 1967 Greek legislative election, scheduled elections which Georgios Papandreou's Centre Union was favoured to win. The dictatorship was characterised by policies such as anti-communism, restrictions on civil liberties, and the imprisonment, torture, and internal exile in Greece, exile of Greek anti-junta movement, political opponents. It was ruled by Georgios Papadopoulos from 1967 to 1973, but an attempt to renew popular support in a 1973 Greek referendum, 1973 referendum on the monarchy and gradual democratisation by Papadopoulos was ended by another coup by the hardliner Dimitrios Ioannidis. Ioannidis ruled until it fell on 24 July 1974 under the pressure of the Turkish invasion of Cyprus, leading to the Metapolite ...
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Third Hellenic Republic
The Third Hellenic Republic () is the period in modern Greek history that stretches from 1974, with the fall of the Greek military junta and the final confirmation of the abolition of the Greek monarchy, to the present day. It is considered the third period of republican rule in Greece, following the First Republic during the Greek War of Independence (1821–1832) and the Second Republic during the temporary abolition of the monarchy in 1924–1935. The term ''metapolitefsi'' (μεταπολίτευση, ''polity change'') is commonly used for the entire period, but when used more strictly, this term refers to the early part of the period, beginning with the fall of the junta and culminating in the democratic transformation of the country. While the First and Second Hellenic Republics are not in common use except in a historiographic context, the term Third Hellenic Republic is used frequently. The Third Hellenic Republic has been characterised by the development of soci ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate economic stability, stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and poverty reduction, reduce poverty around the world." Established in July 1944 at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary systems, international monetary system after World War II. In its early years, the IMF primarily focused on facilitating fixed exchange rates across the developed worl ...
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24-hour News Cycle
The 24-hour news cycle (or 24/7 news cycle) is the 24-hour investigation and reporting of news, concomitant with fast-paced lifestyles. The vast news resources available in recent decades have increased competition for audience and advertiser attention, prompting media providers to deliver the latest news in the most compelling manner in order to remain ahead of competitors. Television, radio, print, online and mobile app news media all have many suppliers that want to be relevant to their audiences and deliver news first. A complete news cycle consists of the media reporting on some event, followed by the media reporting on public and other reactions to the earlier reports. The advent of 24-hour cable and satellite television news channels and, in more recent times, of news sources on the World Wide Web (including blogs), considerably shortened this process. History Although all-news radio operated for decades earlier, the 24-hour news cycle arrived with the advent of cable te ...
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Hellenic Parliament
The Parliament of the Hellenes (), commonly known as the Hellenic Parliament (), is the Unicameralism, unicameral legislature of Greece, located in the Old Royal Palace, overlooking Syntagma Square in Athens. The parliament is the supreme democratic institution that represents the citizens through an elected body of Members of Parliament (MPs). It is a unicameral legislature of 300 members, elected for a four-year term. From 1844–1863 and from 1927–1935, the parliament was Bicameralism, bicameral with an upper house (the Greek Senate, Senate; ) and a lower house (the Chamber of Deputies; ). Several important Greek statesmen have served as the speaker of the Hellenic Parliament. History Semi-constitutional monarchy, 1843–1862 The first national parliament of the independent Greek state was established in 1843, after the 3 September 1843 Revolution, 3 September Revolution, which forced Otto of Greece, King Otto to grant a Greek Constitution of 1844, constitution. The con ...
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Political Polarization
Political polarization (spelled ''polarisation'' in British English, Australian English, and New Zealand English) is the divergence of political attitudes away from the center, towards ideological extremes. Scholars distinguish between ideological polarization (differences between the policy positions) and affective polarization (an emotional dislike and distrust of political out-groups). Most discussions of polarization in political science consider polarization in the context of political parties and democratic systems of government. In two-party systems, political polarization usually embodies the tension of its binary political ideologies and partisan identities. However, some political scientists assert that contemporary polarization depends less on policy differences on a left and right scale but increasingly on other divisions such as religious against secular, nationalist against globalist, traditional against modern, or rural against urban. Polarization is associated w ...
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Greek Civil War
The Greek Civil War () took place from 1946 to 1949. The conflict, which erupted shortly after the end of World War II, consisted of a Communism, Communist-led uprising against the established government of the Kingdom of Greece. The rebels declared a people's republic, the Provisional Democratic Government, Provisional Democratic Government of Greece, which was governed by the Communist Party of Greece (KKE) and its military branch, the Democratic Army of Greece (DSE). The rebels were supported by People's Socialist Republic of Albania, Albania and Socialist Federal Republic of Yugoslavia, Yugoslavia. With the support of the United Kingdom and the United States, the Greek government forces ultimately prevailed. The war had its roots in divisions within Greece during World War II between the Communist-dominated Left-wing politics, left-wing Greek Resistance, resistance organisation, the National Liberation Front (Greece), EAM-ELAS, and loosely-allied Anti-communism, anti-communis ...
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