After barely three months in office, Greece's bald, immaculate and dour new Premier, Marshal Alexander Papagos, had reason to be optimistic last week. Items:
¶ The country's economy is picking up; the budget is almost balanced.
¶ The galloping cost-of-living has been arrested, and the black-market price of drachmas is down 15%.
¶ Greece's chronic trade deficit is only one-fifth of what it was in 1951.
¶ The 160,000-man army is in top fighting trim, with 500,000 men in reserve four years after its costly but victorious war against the Communists.
¶ A full member of...
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