Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Pipedreams

By Pantelis Boukalas

We really shouldn’t be complaining about our lot in life here in Greece as other than the “institutional” salvation that has been hammered out for the country, we have a plethora of solutions to the debt problem that can be attributed to famed Greek ingenuity.

At a time when thousands of Greeks are unable to afford heating oil to see them through the winter, the media has been trumpeting on and on since the weekend about natural gas deposits and pipelines that will bring us dollars galore. And not just millions of dollars, but 1.3 trillion, to be precise – in other words, enough money to pay off all of Greece’s debts, as well as those of Italy, Cyprus, Spain, Portugal and Ireland to boot.

How wonderful it would be if we were even able to make one-thousandth of the above figure, which has been presented as an irrefutable fact. However, if we don’t allow our enthusiasm at the prospect of trillions of dollars to get the better of us, then surely we should be wary of the phrase “A confidential report by Greek scientists confirms that...,” which normally accompanies such proclamations of wealth being within our reach.

First of all, how “confidential” can a report possibly be when it is deftly circulated so that it can be read far and wide, down to its last footnote, in order to increase the hype and speculation?

Secondly, when a TV banner, in Greece, says “Greek scientists confirm,” is it referring to the entire body of Greek scientists or just a couple?

Third, we ought to be suspicious when presented with an expert who plays up to the public’s concerns by giving super-optimistic assurances that there are oceans of gas just sitting there, when we don’t also get to hear the opinion of other, less optimistic experts.

Not so long ago we thought we could be saved by borrowing 670 billion euros from Russia or a Middle Eastern country. Then an unidentified Greek in America appeared who would donate 600 billion euros to save the Greek economy if we changed Syntagma Square, and after him there were rumors of an initiative launched by wealthy Greek shipowners to buy up a part of the Greek debt.

In the meantime, we were informed that under the crust of the Earth, Greece was rich with uranium and other precious minerals that would allow us to live in comfort and bliss for the next 20 generations to come.

And now we are being sucked into a frenzy that we can be saved by the gas that is just waiting to be extracted. But, taking some license with the old adage, we shouldn’t put all our eggs in one jerry can.

ekathimerini.com , Tuesday December 11, 2012 (09:47)  
EU’s three big problems all linked
A great president
Don’t feed the zombies
Keeping an eye on international developments
Education minister calls for probe into predecessor´s reform plan
Following reports that a plan to reform the tertiary education sector launched in the spring of 2013 failed to lead to millions of euros in savings, Education Minister Andreas Loverdos on Mo...
Anti-racism bill goes back to Parliament
An anti-racism bill, foreseeing stiffer penalties for individuals and political parties that engage in racism or incite racist violence, is to be debated in Parliament on Tuesday following m...
Inside News
Tourism targets rise ever higher
The latest data have allowed the Hellenic Association of Tourism Enterprises (SETE) to raise its target for tourism arrivals and revenues this year higher still. During a meeting with main o...
Horse race betting hurdle removed for OPAP
The new tender for the concession of the right to organize and operate wagering on horse races in Greece for the next 20 years will include a number of changes in its terms, despite assuranc...
Inside Business
BASKETBALL
Greek hoopsters go top of their group in World Cup
Greece has qualified to the second round of the FIBA World Cup after going top of its group of six through a third win in as many group games in Spain. On Monday it beat Puerto Rico 90-79 in...
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek hoopsters go top of their group in World Cup
2. Tourism targets rise ever higher
3. Horse race betting hurdle removed for OPAP
4. Revised GDP data confirm that Greek growth is near
5. Measures to reduce unemployment
6. Peachy export data despite Russian embargo
more news
Today
This Week
1. Excavation work at Amphipolis reveals section of marble mosaic floor
2. A great president
3. Erdogan visits Turkish-occupied Cyprus
4. Greek economy shrinks at slowest pace since late 2008
5. Don’t feed the zombies
6. Greek officials meet to fine tune strategy for Paris talks with troika
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.