Battered by the daily news

The morning news make for grim reading at the moment. I take a quick glance through the headlines, my stomach knotting. It’s all a big mess, worldwide. Violence. Terrorism. Domestic murders. Killers on a rampage. Scandals. Corruption. Fighting. Destruction. Climate change. Of course it’s all fact, but sometimes the press seems to enjoy wallowing in it as well. After a summer spent stuck in front of various screens, I avoid turning on the television as much as possible.

In Greece things are still looking bleak. The private sector has mostly borne the weight of the crisis so far, the public sector being traditionally regarded by every government as an untouchable holy cow. It is enough to note that salary reduction in the private sector has reached 20-23%, whereas in the public sector it is barely 12,5% – without even mentioning the fact that most public offices are still employing a large number of people, many of whom do nothing. The increase in unemployment is also much higher in the private sector. Capital controls are still in place, and every new law passed seems to contradict the one before.

While being unemployed is horrible whatever your job, surely having a vibrant market would benefit everyone in the long run. This policy has created a downward spiral: international competitiveness is at an all-time low and every means of getting out of the crisis has been scuppered. A increasingly large number of firms, including shipping companies, are getting out and basing themselves elsewhere, mostly in the Balkan countries and Cyprus. There is also a huge loss of human capital as individuals are emigrating as fast as they can get a job abroad.


Not only are people given zero incentives to stay, but often special opportunities are lost as well. For example, a few weeks ago I read that Jason Bourne’s next adventure, set against the backdrop of the Greek financial crisis, is being shot in the Canary Islands rather than Athens. Why? Because the film’s makers were put off by red tape and a lack of tax breaks.
Last year culture minister Nikos Xydakis had proudly announced that the Bourne film would be made in Athens — claiming the effect on local jobs and trade would be akin to setting up a “small factory”. But afterwards the government failed to make good on promises of tax breaks offered in most countries. So now Spanish advertisements and street signs in Santa Cruz de Tenerife have been covered over with ones in Greek, while a local plaza is doubling as Syntagma, Athens’s central square. Walls have been daubed with graffiti in Greek and locals signed up to stage anti-austerity rallies.
It makes you want to pull your hair out.

And who is doing something about all this? Not our politicians, that’s for sure. As has always been the case in our long and troubled history, they are busy squabbling (still).The government is in above its head – rumors abound they’re not going to last long – and often does not even get the support of its own party; and as for the opposition, they’re having a ridiculous and costly fight over electing a new leader.

Christmas is approaching. I wonder how we will be able to conjure up a seasonal festive spirit this year.

10 thoughts on “Battered by the daily news”

  1. Brief and to the point, as always….
    And short, clear sentences making easy reading.
    I am slowly but surely becoming a FAN !!!


  2. I think your assessments are spot on as usual. Sad state of affairs and not only in Greece. No easy answers, no easy way out, or….any way out it would seem at this point….

    Liked by 1 person

  3. It is so sad to see this happening to Greece. But I firmly believe business model World no longer works. Rapidly expanding population, diminishing resources, we will all be in the same state before too long.

    Liked by 1 person

  4. You are exactly on point. I read a very disheartening article in Kathimerini about Greece being close to colapse which will make it a “failed” state. I don’t quite agree but I know things are dire here. If only there was a leader with a plan to get this country out of the mess it is in.


    1. My fear is that even if there was, he would never get into power because the system is so entrenched it wouldn’t allow it… Inertia, corruption, personal interests, all are stronger than the will to do good. You’d need someone totally ruthless as well as capable.
      And if only there were a couple of those leaders in Europe, as well. Perhaps we wouldn’t be in quite the mess we’re in.


  5. So sorry. The policies are indeed bad. Wouldn’t Greece be better if it left the EU? I don’t follow these things very well but I thought if they did they could keep the Greek money cheaper and that would further boost tourism. We have similar bloat in the government in the national, state, and sometimes city governments.

    Liked by 1 person

I’d love to hear what you think

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: