Similarly the $600 million contract between the junta and Aristotle Onassis has broken down because Onassis was unable to find foreign financing for the investments involved. Now the junta is faced with the likelihood of a further deterioration in its economic position. Its principal sources of foreign exchange have been emigrant remittances. in particular from the quarter of the Greek labor force that now vdorks in northern Europe. tourism. and shipping. But shipping is at present depressed. and will be even more so if the Suez Canal is reopened. The sharp increase in Greek income from shipping since 1967 was caused almost entirely by the closing of the canal.
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emigrant