It forced his son, former Prime Minister George Papandreou, to cut salaries, raise taxes, layoff of tens of thousands of workers, slash pensions and dismantle many of the country's social services to stave off bankruptcy to satisfy international lenders.
Nateralo je njegovog sina, bivšeg premijera Jorgosa Papandreua, da skreše plate, poveća poreze, otpusti na desetine hiljada radnika, snizi penzije i ukine mnoge od brojnih socijalnih službi u zemlji, kako bi izbegao bankrot i zadovoljio međunarodne poverioce.