15 MAY 1886, Page 2

Greece has apparently yielded without yielding. The

Ministers of the Powers left Athens on Sunday morning, after proclaiming a " pacific blockade " of the Greek ports ; and on the same day M. Delyannis, after a violent speech to the people, tendered his resignation to the King. The King at first refused to accept it ; but M. Delyannis persisting, he sent for M. Papamichalopoulos, and on his failure, for M. Valvis, to form a Ministry of "business and disarmament." The fury in Athens is extreme, and it is doubtful if the Chamber, which meets next week, will sanction demobilisation; but unless some unexpected incident occurs, a disarmament will be gradually accomplished. The Greeks are cruelly hurt, all industry having been disorganised for nothing ; but they abstain as yet from commotion, and the country is hardly civilised enough to be ruined by partial bankruptcy. It is still doubtful, too, whether some Powers have not secretly promised a favourable consideration to Greek claims, and whether the Governments will not encotrrage a small international loan to Greece, which in Thessaly has some fresh property to pledge. At all events, there is peace for the moment, the only danger being lest the disbanded soldiery, furious at their useless sufferings, should visit thein an the head of the King, whom M. Delyannis publicly de,scrilses as lukewarm in the national cause.