March 21, 2012
Greek debt crisis reflects the crisis in cultural assets
Nobody watching news in recent years can have managed to avoid hearing about the Greek debt crisis. Much of the focus has been on the level of the debt & how it can be re-paid, but the effects on real people living in the country can be far more of a problem. Cuts in the budgets of government departments have meant that the level of spending on archaeological & cultural projects has had to be heavily reduced from what it was a few years ago. Solutions need to be found, not just to the macro level problem, but to the many smaller issues that both stem from it & in some cases help to perpetuate it.
From:
Bloomberg News
Greece’s $473 Billion Debt Mirrors Crisis in Cultural Assets
By A. Craig Copetas – Oct 19, 2011 12:00 AM GMT
Plato doesn’t live here anymore.A pack of feral cats chases the rodents that run past the Gypsy squatters who inhabit the bleak 32-acre Athens park that masks the birthplace of Western civilization. Alexandros Stanas says what’s interred beneath the debris illustrates both a solution to Greece’s 345 billion euro ($473 billion) sovereign debt crisis and why his country roils in catastrophe.
“Economics, politics, philosophy, everything that empowers our reasoning and ability to solve today’s problems was born here at Plato’s Academy,” says Stanas, a former management consultant at the Greek Ministry of Culture and Tourism who is now general director of the Art-Athina International Contemporary Art Fair.
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