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Essay on greece financial crisis


essay on greece financial crisis

The bosses of the operation, Fathers Ephraim and Arsenios, escape this grueling regime roughly five days a month; otherwise this is the life they lead. Or have they so lost their ability to feel connected to anything outside their small worlds that they would rather just shed themselves of the obligations? In the middle of each unit are two or three rows of young men wielding truncheons disguised as flagpoles. I laughed, and he gave me a stare. Dimitri Contominas, the billionaire creator of a Greek life-insurance company and, as it happens, owner of the TV station that broke the Vatopaidi scandal, put it to me more bluntly: The Vatopaidi monks brought George Papandreou to power. He accepts what others tell himcriticism, ideasand he works with them. Throw in another eight hours a day working the gardens, or washing dishes, or manufacturing crme de menthe, and you can see how one mans idea of heaven might be anothers of hell. At that moment, out of nowhere, Father Ephraim walks. Monk Business Father Arsenios looks to be in his late 50sthough who knows, as their beards cause them all to look 20 years older.

Beware of Greeks Bearing Bonds Vanity Fair



essay on greece financial crisis

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At 5:30 a monk grabs a rope and clangs a church bell. The epidemic of lying and cheating and stealing makes any sort of civic life impossible; the collapse of civic life only encourages more lying, cheating, and stealing. Two months earlier, on May 5, during the first of these protest marches, the mob offered a glimpse of what it was capable. Each day they discovered some incredible omission. A woman who runs one of the big Greek shipping firms told me over dinner in Athens that she had found herself seated on a flight not long ago beside Father Ephraim, the abbot of Vatopaidi (business class). We have this adviser in the American stock market, says the monk. The boom in the Greek economy over the last decade caused the actual prices at which property changed hands to far outstrip the computer-driven appraisals. An hour later Im walking off the ferry holding nothing but the Eagles Palace hotel laundry bag and Cesars little map, and hes still repeating his own punch lineHow much worse could it get for you? Father Ephraim heads that table, with Arsenios beside him. The cabinets exhibit row upon row of three-ring binders. The evening after I met with the minister of finance, I had coffee with one tax collector at one hotel, then walked down the street and had a beer with another tax collector at another hotel.

Can We Avoid Another Financial Crisis?



essay on greece financial crisis

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