The Greek Lesson

If other countries don’t learn from the Greek economic crisis, the worst has yet to come.

by Constantine E. Passaris

We are accustomed to reading about the glory of ancient Greece and its foundational contributions to western civilization. Indeed, ancient Greece is widely acknowledged as having made significant contributions to human endeavours and western civilization through the arts, science, literature, astronomy, mathematics, medicine and philosophy. Perhaps its most noteworthy contribution was as the cradle of western civilization and the architect of our modern form of democratic governance. This is in sharp contrast to the recent news stories from Greece about rampant human suffering, the demise of the Greek economy, and its uncertain economic future. Greece is the country at the center of Europe’s debt crisis.

The cobbled streets of the old part of Athens, known as the Plaka, and the circumference of the majestic Acropolis are a visual testament to past glories. Around the corner is a different face of Athens, the capital city of Greece. The modern part of the city around Syntagma (Constitution) Square is the epicentre of the modern economic crisis. It is a daily reminder of the contemporary reality of Greek issues. This takes the form of…

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