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Greece: 1964 controversy over Queen Frederica's pension
On September 25, 1964, the Greek government under George Papandreou announced plans to grant a special pension to Queen Mother Frederica, following the death of King Paul. The proposed amount was 3 million drachmas per year, or 250,000 drachmas per month.
This decision triggered significant political and journalistic backlash. The controversy occurred during a period of rapid but uneven economic growth in Greece. While national figures showed improvement, the country remained largely agrarian with deep inequalities between urban and rural areas. High unemployment and underemployment led to mass emigration, with approximately 600,000 Greeks moving to Western Europe and the United States between 1955 and 1964.
The pension announcement intensified existing debates regarding the royal family's finances. By 1962, the annual royal grant had already reached 17 million drachmas, with additional provisions for Crown Prince Constantine. The perceived disconnect between the royal household's expenditures and the socio-economic struggles of the general population made the pension a highly sensitive political issue.
Entities
Constantine II of Greece · Frederica of Greece · George Papandreou · Greek government