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Page 17 of 26
In 1975, following a referendum to confirm the deposition of King Constantine II, a democratic republican constitution came into force. Another previously exiled politician, Andreas Papandreou also returned and founded the socialist PASOK party, which won the elections in 1981 and dominated the country's political course for almost two decades.
Since the restoration of democracy, the stability and economic prosperity of Greece have grown. Greece joined the European Union in 1981 and adopted the Euro as its currency in 2001. New infrastructure, funds from the EU and growing revenues from tourism, shipping, services, light industry and the telecommunications industry have brought Greeks an unprecedented standard of living. Tensions continue to exist between Greece and Turkey over Cyprus and the delimitation of borders in the Aegean Sea but relations have considerably thawed following successive earthquakes—first in Turkey and then in Greece—and an outpouring of sympathy and generous assistance by ordinary Greeks and Turks.
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