Tag Archives: 2004 Summer Olympics

International news

Mamma Mia! Take me back … to Greece!

It’s not often that I get moved by a film to visit a place where the film was shot. Such a feeling overwhelmed me today as my wife and I sat through a delightful musical, “Mamma Mia! Here We Go Again.”

The music is fabulous. The cast is stellar, containing many of my favorite actors. But the setting! Oh, my goodness.

It was set in Greece, although the principal filming was done in nearby Croatia. My wife and I have been to Greece twice. My wife and I have been blessed over the years with the opportunity to travel around the world. She once told me after our first visit in 2000 that Greece is “the one country I’ve seen where I could go back again and again.”

Me, too, sweetie.

Greece is recovering from the financial calamity that befell the country. It’s trying to repay its enormous debt owed to the European Union; make no mistake, a payment in full is highly unlikely. The country, though, is in nowhere near the dire straits it found itself not long after playing host to the 2004 Summer Olympics.

Well, that’s another story.

I just watched a beautifully filmed movie that was set in a country in which I have a keen and lifelong interest. It’s my ancestral homeland.

I long have wanted to return. A musical film today added a lot of fuel to that burning desire.

I know. It’s weird. It’s my story and I’m sticking with it.

business news, International news

Ancestral homeland climbs back

Greece is the land of my ancestors … all of them.

My mother’s parents emigrated to the United States from Turkey, but they were Greeks through and through. My father’s lineage goes back to the southern peninsula of Greece.

So, when news of Greece is bad, I ache a little bit more than I would if the news were about, say, Sweden or Poland. The Greek economy has been in the news a lot lately. And when the news is good, such as when Greece played host to the spectacular 2004 Summer Olympics, my pride swells.

My heart is gladdened just a bit with news from Reuters News Agency that the Greek economy — you’ll remember, whenĀ much of Europe was trying to bail them out with cash — has come back.

http://www.reuters.com/article/2014/11/14/eurozone-economy-greece-idUSL6N0T42OV20141114

Reuters reports: “Seasonally adjusted figures showed the euro zone weakling posted three consecutive quarters of growth this year, even though it had only been expected to exit what the government has
called Greece’s ‘Great Depression’ in the third quarter.”

What has pulled the Greek economy out of the ditch? Some economists have suggested tourism has given Greece its heft. The country has discounted lodging prices and the country continues to be a magnet for tourists looking for a little culture, sunshine, beautiful landscapes and a walk through some of the grandest antiquities on the planet.

I’ve had the pleasure of visiting my ancestral homeland three times and I plan to return. My wife, who’s made the trip with me said, “Of all the places we’ve been, this is the one place I want to see again and again.” That, folks, is high praise.

So I’m glad to read about the good news about Greece that has gone largely unreported. The media were certainly quick to tell us about the gloom and doom.

According to Reuters: “The news is a boost for Greece’s government, which has been promising austerity-weary Greeks better times ahead.”

I hope to read more about those “better times” when they arrive.

 

 

Uncategorized

Euro recession over? Tell that to Greeks

This just in: The recession in the European Union is over.

But if youā€™re a citizen of those countries hit hardest by the financial crisis, youā€™re pain hasnā€™t yet let up.

http://www.beaumontenterprise.com/news/world/article/Eurozone-recession-end-is-cold-comfort-for-Greece-4731488.php

I get that the Germans, French and even the Italians are faring better these days. Their economies grew for the second quarter in a row, prompting EU economists to declare the recession to be over.

The story in Greece and Spain, for example, is quite different.

Letā€™s look at Greece, my ancestral home that became an international laughingstock when the financial crisis nearly took it down.

The Greek economy is still in the tank, down about 24 percent since 2008; just in the past year alone, it shrank 4 percent. Unemployment is about 25 percent, nearly as bad as Spain, which has Europeā€™s worst unemployment rate. Barry Bosworth of the Brookings Institution describes the Greek economic condition as far worse than a recession. “It goes way beyond anything that looks like a recession,” he said. “It’s absolutely appropriate to refer to Greece as in a depression.”

***

This characterization hurts me at a personal level.

Iā€™ve visited Greece three times: twice with my wife in 2000 and 2001, and again by myself in 2003. Itā€™s a magical place. My three visits there came as the country was preparing to play host to the 2004 Summer Olympics. They cleaned up Athens, scrubbed the graffiti off building walls and highway overpasses, built a sparkling new airport, constructed a state-of-the-art subway system and, in general, presented themselves as more than ready to host such a magnificent worldwide event.

But they did it on borrowed money. They went into hock up to their armpits ā€¦ and then the bills came due.

Iā€™m not sure the Euro recession is as ā€œgoneā€ as the EU folks say it is. Another hiccup in Greece, or Spain, or Portugal ā€“ where the recession/depression is lingering ā€“ could send the continent into another tailspin.

I keep thinking of when I walked to the top of the Acropolis in 2000 and stood in front of the Parthenon. My thoughts were of enormous pride that my ancestors were able to build such structures and were able to produce great genius.

If only they could revive that brilliance and find a way out of the economic mess that is largely of their own making.