The news was hardly startling, given that in its first eight years within the euro zone (2001-08) Greece averaged annual budget deficits equal to 5 percent of GDP, compared to the other members' average of 2 percent; gorged itself on an extravagant 2004 Summer Olympics; and capped off the party in October 2009 by voting in the Panhellenic Socialist Movement party, which promised to spend even more money.
What does PASOK stand for?
PASOK stands for Panhellenic Socialist Movement (Greece)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Organizations, NGOs, schools, universities, etc.
We have 2 other meanings of PASOK in our Acronym Attic
- Pizza and Salad Only
- Positive Air Shut Off (diesel engines)
- Pre-Award Support Office
- Program and Specific Objectives (NASA)
- Provincial Arts Service Organization (Canada)
- Public Address Systems Online (audio equipment; UK)
- Philippine Association of Students in Office Administration
- Provenance Aware Service Oriented Architecture
- Pacific Area Special Operations Conference
- People Assisting Students on Horses
- Pacific Area Senior Officer Logistics Seminar
- Philippine Association for the Study of Overweight and Obesity (est. 1994; Pasig City, Philippines)
- Performance-Accelerated Stock Option Plan
- Policy Association for an Open Society (est. 2003)
- Portable Automated Surface Observing System
- Plymouth Argyle Supporters on the Internet
- Plasma-Assisted Slow-Wave Oscillator
- Performing Arts School of Worcester (Worcester, MA)
- PCS Access Services for Ports (Bellcore)
- People Against Software Patents
Samples in periodicals archive:
Date of publication ND: New Democracy (Conservative, pro-bailout) SYRIZA: Left Coalition (Leftist, anti-bailout) PASOK: Panhellenic Socialist Movement (pro-bailout) I.
Papandreou, who is due to meet with visiting US Vice President Joe Biden on Monday for eurozone crisis talks, heads the socialist party know as the Panhellenic Socialist Movement have vowed to unveil proposed EU treaty changes to create what Merkel has dubbed a "European fiscal union with strict rules" and the French leader calls "true economic government.
Opposition Panhellenic Socialist Movement led by former foreign minister George Papandreou is favored to beat Prime Minister Costas Karamanlis's conservative New Democracy in the elections.
Capital: Athens Head of State: President Konstandinos (Kostis) Stephanopoulos (since March 1995) President elected by Parliament for a five-year term Head of Government: Prime Minister Costas Simitis (since January 1996) Prime minister appointed by the President Parliament: The single-house parliament (Vouli ton Ellinon) has 300 seats; members are elected by direct popular vote to serve four-year terms POLITICS The Panhellenic Socialist Movement (Pasok) government, led by Costas Simitis, is expected to stay in office until close to its full term in May 2004.
Papandreou founded the Panhellenic Socialist Movement in 1974 and led it to electoral victory in 1981, heading Greece's first Socialist government until 1989.
The two traditional main parties, the centre-right New Democracy (ND) and the centre-left Panhellenic Socialist Movement (Pasok), suffered major losses in support at the general election.
The letter, the end result of a long struggle to persuade the ailing leader to relinquish his grip on power, was addressed to the Central Committee of the Panhellenic Socialist Movement, the party Papandreou founded in 1974 and first led to power in 1981.