Tuesday September 30, 2014 Search
Weather | Athens
26o C
17o 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)  
Next-day jitters
No sweet debt deals
In the danger zone
Collective discipline
Degas painting valued at 6 million euros stolen from Cypriot pensioner
Thieves have stolen a painting by French master Edgar Degas valued at 6 million euros ($7.6 million) from the home of a 70-year-old Greek Cypriot, Cyprus police said on Tuesday. The painting...
Elderly man dies while waiting to pay property tax
An elderly man died in Thessaloniki on Tuesday after collapsing at a bank while waiting in line to pay the ENFIA property tax, the Athens-Macedonia News Agency reported. The unnamed man, bel...
Inside News
Attica Bank says optimistic about plan to raise cash
Greek lender Attica Bank on Tuesday dismissed speculation that its plans to raise cash and plug a capital shortfall could flounder, saying it was confident of success. Unlike its larger peer...
Eurozone inflation numbers pile more pressure on ECB
Eurozone inflation slowed further in September on falling prices of unprocessed food and energy, a first estimate showed on Tuesday, sending the euro lower on expectations of further Europea...
Inside Business
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakos’s first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Attica Bank says optimistic about plan to raise cash
2. Degas painting valued at 6 million euros stolen from Cypriot pensioner
3. Eurozone inflation numbers pile more pressure on ECB
4. Elderly man dies while waiting to pay property tax
5. Three teens questioned over video showing torture of dog
6. Greek unemployment dips to 27 pct in June, but still highest in EU
more news
Today
This Week
1. Next-day jitters
2. Roma camp off Mesogeion Avenue set for demolition amid reactions
3. No sweet debt deals
4. Commissioner-designate Avramopoulos to face three-hour interview on EU's migration portfolio
5. Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
6. EU gives more aid to farmers hurt by Russia sanctions
Today
This Week
1. Alexander the Great's tomb not at Amphipolis, says Culture Minister
2. Greece may opt for unusual president to avoid snap polls, Venizelos says
3. Woman allegedly buried alive by accident in northern Greece
4. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
5. Venizelos denies jihadis are being trained in Greece
6. Should you bet with Kissinger on where the world is heading?
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.