We (westerners that is) are witnessing two large experiments that are in process. We are all more or less trapped in an era of huge financial imbalances characterised by over-borrowing, low productivity, high unemployment, and inflation or stagflation. The scale of the cancerous regions is huge and these regions are tightly linked to each other as if from the same family.
My motherland is inflicted by severe incidents of anxiety-panic attacks coming form market participants that are uncertain about the political decisiveness of the European family and aware of the complex conflicting interests within the newly formed European Union.
The Euro, composing one quarter of global reserves, has been impacted to the disadvantage of exporters. The cost of borrowing of the periphery of the EU has skyrocketed. The unemployment has ballooned. The lending frenzy of the banks has frozen.
Only tourism seems to be the service sector that has potential to provide revenues, employment, and growth in these sunlight countries. My motherland has to brand herself and leverage her natural and cultural heritage. She needs to make sure that quality and locally made and grown products, are what greets the tourists and not quick short-term profitability.
Strict rules: only Greek music everywhere, only Greek food everywhere, agricultural tourism, educational (history and language) tourism, only Greek cultural ways everywhere.
Globalisation is ironically, a great environnent to promote localisation and preserve local identities.
Bon courage Motherland.
