I post it because pretty soon it will become subscription. Why not just save it on my HD? What's the fun of that?
SURVEY: GREECE
Prometheus unbound
Oct 10th 2002
From The Economist print edition
Impact
Greece has become much better at harnessing its people's flair and energy. Now it must prove its staying power, says Bruce Clark
STAND on the penthouse roof of a warehouse in downtown Athens, recently transformed into a contemporary art gallery, and your senses will be assaulted by the feverish energy and wild contradictions of modern Greece at the start of its third century of existence. Among the nearby buildings on Sophocleous Street are some handsome neo-classical mansions which now house Greece's new class of investment bankers, stock analysts and bond traders. Also within view are edifices of similar style and vintage that are quietly decaying, their wooden shutters flapping in the breeze. Such buildings are often owned by quarrelsome extended families who find it cheaper to let their properties deteriorate than to comply with a government preservation order.
The horizon is still dominated by the Parthenon, newly endowed with splendid night lights and soon to be linked with the other antiquities of Athens in a four-kilometre-long archaeological park, as part of the city's preparations to display its old and new charms during the 2004 Olympics. But in the foreground there is a maze of narrow streets where exquisite Byzantine churches jostle for space with hundreds of tiny family businesses: spice merchants, icon-painting workshops and purveyors of mournful music brought by Greek refugees from Turkey. The pungent scent of the meat market, a favourite spot with nocturnal revellers, wafts upwards.
Click to enlarge
Despite the appearance of chaos, the quality of life in Athens has improved with the completion of a new metro line and the opening of a shiny new airport whose capacity vastly exceeds that of Hellinikon, the old airport that strained pilots' nerves on windy days. Within a few years a new highway around greater Athens will make it easier to travel north from the airport towards Salonika, or west towards Patras, without getting entangled in the capital. Further afield, the Peloponnese will be linked to central Greece by a bridge, and a new road from the Adriatic to the Turkish border will speed up east-west travel.
Which of the many trends at work in Greece, at once the most conservative and the most adaptable of European nations, will prove the strongest? The breezy exuberance of the new yuppie class, which despite the recent setback inflicted by sagging stockmarkets looks forward to the good times in the euro zone? Or the still baleful influence of a self-serving bureaucracy, whose clumsy regulations often force Greek citizens to behave deviously and irrationally? Will nationalist passions once again bedevil Greek relations with its neighbours, or will Greece fulfil its potential as the economic engine of south-eastern Europe?
For a country that stagnated throughout the 1980s and spent the 1990s fretting about the effects of war on its northern borders, Greece is enjoying much greater economic success than seemed likely even five years ago. This is both a cause and a reflection of its enhanced status in the European Union. Having shaken off its reputation as a laggard in the EU, it is now settling into a new role as a locomotive for the Balkans: the only country in south-eastern Europe that belongs to most of the world's smarter clubs, and an advocate for the region in the wider world.
All Greece's internal strains—between left and right, town and country, native and immigrant—have been eased by rapid economic growth, recently running at about 4% a year. In the words of Yannis Stournaras, chairman of the Commercial Bank of Greece and an architect of the country's euro-zone entry, “There is no comparison between Greece today and 15 years ago,” when profit was a dirty word, interest rates were regulated, industrialists felt beleaguered and labour was militant.
AP
Simitis is doing his bit
This survey will argue that Greece has made impressive progress towards putting its economy on the right track and improving its international image. But these achievements are fragile, and they owe something to good luck, as well as to factors that no politician ever planned, such as an influx of migrant labour over the past decade which has pushed Greece's population up by about 7% to 10.9m. Now that relative calm has descended on the former war zones of the Balkans, and relations with Turkey have eased, it is important for the moderate socialist government of Costas Simitis to consolidate Greece's achievements.
The country's internal stability has been helped by the apparent break-up of November 17, a group of ultra-radical terrorists who could claim, until this summer, to be Europe's most successful urban guerrillas. Over a period of 27 years, they had killed 23 people; among their targets were soldiers, intelligence officers and diplomats from America, Britain and Turkey, as well as prominent Greeks.
No more bazookas
But in early September, a militant leftist called Dimitris Koufodinas, often described as Greece's most wanted man, mysteriously appeared at an Athens police station and announced that November 17 was “finished”. Over the previous ten weeks the authorities had hauled in 15 other suspects. A spate of revelations about pistols and bazookas stashed away in Athens apartments had turned the nightly television news into a keenly followed melodrama.
For Mr Simitis, whose socialist party, Pasok, is trailing its conservative rival, New Democracy, in the opinion polls and will almost certainly lose ground in the municipal elections due on October 13th, the arrests were a boost to his credibility at home and abroad. And for Greece's western partners, the smashing of the terrorist group was not only welcome in itself, but also a good sign of a changing political culture. After the 1967-74 dictatorship of pro-American military officers, sections of Greece's political left retained a sneaking sympathy for political violence; but now the great majority of the population see November 17 as a group of common criminals. “Democracy has crushed terrorism and instilled a sense of security into Greek society,” Mr Simitis declared in his annual address on the state of the nation in Salonika last month.
When voters go to the polls this Sunday to elect mayors and local councillors, they will pass their verdict on the financial and political stability for which Mr Simitis, with some justice, has claimed credit, and balance this against the rise in prices, the shortage of decent jobs and the losses many people suffered after risking their savings on the stock exchange. They will consider the fact that Mr Simitis himself is regarded—even by his opponents—as a paragon of honesty; and they will balance this against the persistence of corruption in high and low places all over Greece.
Local elections aside, the next general election may be as far away as 2004. Whoever forms the next government will be leading a country better placed than ever before to cope with the challenges of an integrated Europe and a potentially turbulent region.
SURVEY: GREECE
Prometheus unbound
Oct 10th 2002
From The Economist print edition
Impact
Greece has become much better at harnessing its people's flair and energy. Now it must prove its staying power, says Bruce Clark
STAND on the penthouse roof of a warehouse in downtown Athens, recently transformed into a contemporary art gallery, and your senses will be assaulted by the feverish energy and wild contradictions of modern Greece at the start of its third century of existence. Among the nearby buildings on Sophocleous Street are some handsome neo-classical mansions which now house Greece's new class of investment bankers, stock analysts and bond traders. Also within view are edifices of similar style and vintage that are quietly decaying, their wooden shutters flapping in the breeze. Such buildings are often owned by quarrelsome extended families who find it cheaper to let their properties deteriorate than to comply with a government preservation order.
The horizon is still dominated by the Parthenon, newly endowed with splendid night lights and soon to be linked with the other antiquities of Athens in a four-kilometre-long archaeological park, as part of the city's preparations to display its old and new charms during the 2004 Olympics. But in the foreground there is a maze of narrow streets where exquisite Byzantine churches jostle for space with hundreds of tiny family businesses: spice merchants, icon-painting workshops and purveyors of mournful music brought by Greek refugees from Turkey. The pungent scent of the meat market, a favourite spot with nocturnal revellers, wafts upwards.
Click to enlarge
Despite the appearance of chaos, the quality of life in Athens has improved with the completion of a new metro line and the opening of a shiny new airport whose capacity vastly exceeds that of Hellinikon, the old airport that strained pilots' nerves on windy days. Within a few years a new highway around greater Athens will make it easier to travel north from the airport towards Salonika, or west towards Patras, without getting entangled in the capital. Further afield, the Peloponnese will be linked to central Greece by a bridge, and a new road from the Adriatic to the Turkish border will speed up east-west travel.
Which of the many trends at work in Greece, at once the most conservative and the most adaptable of European nations, will prove the strongest? The breezy exuberance of the new yuppie class, which despite the recent setback inflicted by sagging stockmarkets looks forward to the good times in the euro zone? Or the still baleful influence of a self-serving bureaucracy, whose clumsy regulations often force Greek citizens to behave deviously and irrationally? Will nationalist passions once again bedevil Greek relations with its neighbours, or will Greece fulfil its potential as the economic engine of south-eastern Europe?
For a country that stagnated throughout the 1980s and spent the 1990s fretting about the effects of war on its northern borders, Greece is enjoying much greater economic success than seemed likely even five years ago. This is both a cause and a reflection of its enhanced status in the European Union. Having shaken off its reputation as a laggard in the EU, it is now settling into a new role as a locomotive for the Balkans: the only country in south-eastern Europe that belongs to most of the world's smarter clubs, and an advocate for the region in the wider world.
All Greece's internal strains—between left and right, town and country, native and immigrant—have been eased by rapid economic growth, recently running at about 4% a year. In the words of Yannis Stournaras, chairman of the Commercial Bank of Greece and an architect of the country's euro-zone entry, “There is no comparison between Greece today and 15 years ago,” when profit was a dirty word, interest rates were regulated, industrialists felt beleaguered and labour was militant.
AP
Simitis is doing his bit
This survey will argue that Greece has made impressive progress towards putting its economy on the right track and improving its international image. But these achievements are fragile, and they owe something to good luck, as well as to factors that no politician ever planned, such as an influx of migrant labour over the past decade which has pushed Greece's population up by about 7% to 10.9m. Now that relative calm has descended on the former war zones of the Balkans, and relations with Turkey have eased, it is important for the moderate socialist government of Costas Simitis to consolidate Greece's achievements.
The country's internal stability has been helped by the apparent break-up of November 17, a group of ultra-radical terrorists who could claim, until this summer, to be Europe's most successful urban guerrillas. Over a period of 27 years, they had killed 23 people; among their targets were soldiers, intelligence officers and diplomats from America, Britain and Turkey, as well as prominent Greeks.
No more bazookas
But in early September, a militant leftist called Dimitris Koufodinas, often described as Greece's most wanted man, mysteriously appeared at an Athens police station and announced that November 17 was “finished”. Over the previous ten weeks the authorities had hauled in 15 other suspects. A spate of revelations about pistols and bazookas stashed away in Athens apartments had turned the nightly television news into a keenly followed melodrama.
For Mr Simitis, whose socialist party, Pasok, is trailing its conservative rival, New Democracy, in the opinion polls and will almost certainly lose ground in the municipal elections due on October 13th, the arrests were a boost to his credibility at home and abroad. And for Greece's western partners, the smashing of the terrorist group was not only welcome in itself, but also a good sign of a changing political culture. After the 1967-74 dictatorship of pro-American military officers, sections of Greece's political left retained a sneaking sympathy for political violence; but now the great majority of the population see November 17 as a group of common criminals. “Democracy has crushed terrorism and instilled a sense of security into Greek society,” Mr Simitis declared in his annual address on the state of the nation in Salonika last month.
When voters go to the polls this Sunday to elect mayors and local councillors, they will pass their verdict on the financial and political stability for which Mr Simitis, with some justice, has claimed credit, and balance this against the rise in prices, the shortage of decent jobs and the losses many people suffered after risking their savings on the stock exchange. They will consider the fact that Mr Simitis himself is regarded—even by his opponents—as a paragon of honesty; and they will balance this against the persistence of corruption in high and low places all over Greece.
Local elections aside, the next general election may be as far away as 2004. Whoever forms the next government will be leading a country better placed than ever before to cope with the challenges of an integrated Europe and a potentially turbulent region.
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