Flooding ravages Athens. Rainfall amounts totaling more
than the average for an entire month fell in Athens in a period of about six
hours. As a result, two rivers overflowed their banks, power was lost, and
public transportation was shut down. This highlighted the issue of an outdated drainage
system in Athens, which the city has been looking to improve. Due to the debt
owed by the Greek government, they were not able to provide an estimate of
damages. (February 22, 2013)
Hollande visits Greece. President Francois Hollande of
France visited Greece recently in support of the existing programs in Greece
involving economic revival. Hollande encouraged large businesses in France to
help bolster these efforts by investing in Greece. He also suggested the idea
of exploring natural gas and oil reserves in the Aegean Sea to further
improvements. However, this could trigger a few disagreements with Turkey, who
also has claims in this sea. (February 19, 2013)
Cyprus places further strains on the already struggling
European Union. After the many bailout attempts with numerous countries
including Greece, Portugal, and Ireland, Cyprus appears to be the next state on
the verge of economic collapse. This story will be of particular interest to
watch in the future, after officials in the European Union prepare to meet to
discuss this issue. As of now, the suggested bailout measures total more than
the Gross Domestic Product of Cyprus, raising concerns about how they would
realistically be able to repay these loans. Cyprus has also looked to Greece
for support. (March 11, 2013)
Lastly, I found this really interesting article, if you
want to read. It details the story of a Syrian family who escaped the country
(illegally) after their home was bombed. They hoped to find some sort of safety
in Europe, but were later arrested by the Greek police. Fleeing War, Syrians Face New Misery in Greece
Sources:
New York Times
Reuters
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