Greece’s Failing Economy and Social Shift

Another blog entry I made for Provisions Library from June 29, 2011:


On July 28, Arianna Huffington shared the perspective she gained from her recent visit to Greece in Postcard from Greece.  Her perspective is worth reading, especially since the Greek parliament approved another bailout loan from the European Union (EU) and International Monetary Fund (IMF).

Ms. Huffington shared three perspectives in her post. First, Greeks are fully engaged and have a lot of positive energy. There is hope in the air that is not captured by the media.  There are people encamped at Syntagma Square in Athens have nightly “people’s assembly” to discuss issues that range from politics to trash clean up in the square. There is a democratic process of vote instituted in these meetings.

Second, Greek political system has been mismanaged by an elite group similar to the U.S. Some of these politicians understand the Greek citizen’s issues, but they do not have the solutions to improve the system.

Third, a crisis should not be wasted. Democratic nations are failing around the world. Greece’s situation is an extreme case. Arianna believes the Greeks can reinvent how democratic nations operate.


About John Costa

I am a farmer in training with a background in finance, organizational sustainability, and project management. My expertise is making the business case for local food enterprises.
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