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Showing posts with label credit history. Show all posts
Showing posts with label credit history. Show all posts

Tuesday, February 10, 2015

Inexplicology


Oppa!
A 'ferocious energy'




The current situation with Greece and the Eurozone members is intricate in many ways. Economically, Greece has a  credit history riddled with defaults.

.According to Matthew Lynn, a freelance columnist who has contributed to the Spectator, the Hellenic Mediterranean paradise, since its formation  in 1821 has defaulted four times .
In the post-war years Greece barely managed to catch up with the industrialised Europe. Cut off by the Carpathian mountains it was far removed from the mainstream of European culture and science. After the Nazi occupation, it endured a civil was followed buy the rule of the Colonels who, true Luddites to the core, resisted change and modernity.
Ash Omar, a journalist of Greek background, living in San Francisco wrote an analysis of the Greek character.In it she states that Greeks have a ferocious energy and being night owls ( the owl is the symbol of Athens) will bargain until the sun goes down or up.
Gregory of Nyssa, venerated as a saint ,  wrote of Athenians in the 4th century, "if you ask someone to give you change, they philosophise,if you enquire about the price of a loaf, they theologise,if you ask 'ís my bath ready?' they dispute doctrine with you. 
Given the sometimes pedantic nature of institutions , it is clear that the confrontation between new Europe and old Greece will be hard to resolve in a convenient way . But then again, they don't call Economics the 'miserable science' for nothing.
For an in-depth look see the links below: