Why Kefalonia will survice the Economy Crisis:- By Matthew Tovey

“The Crisis of Greece and Europe”

The European debt crisis, one of the most talked about subjects in the news today, began as a whirlwind story that many Americans may not be aware of. The country that this entire story depends upon is, as might be expected, Greece. In the early 1990s there was much debate about realizing an old French dream about creating a single currency for all of Europe, one that would unite the entire continent. It was a dream several decades in the making, one that seemed more fantasy than reality. The most stable economy in Europe has been Germany for quite some time. The Germans seem to have an uncanny ability to keep an extremely stable, inflation-free government that is the envy of many other European countries. When the opportunity was brought to create a singular economy for all of Europe that would resemble the German economy, many other countries, including Greece and Italy, were ecstatic to join in. The only issue was that strict guidelines were put in place for the countries to be able to join, including intense numerical data, inflation studies and other economic guidelines that seemed impossible for a country such as Greece to obtain. Greece was not the only country to struggle with these guidelines, places such as Spain and Italy also had some trouble, however Greece was notorious for having a weak economy with immense inflation that it just couldn’t seem possible for them to ever be able to achieve such high standards that the European Union had put in place in order to become a part of the Euro Zone. Months and years passed, countries such as France, Italy and Spain finally achieved their goals and the final meeting was set for the representatives of each prospective Euro Zone country to present their final economic statistics for review. Greece, knowing that they needed to become part of the Euro Zone to succeed as a country and avoid further downfall, reportedly “magically” gained the lowest necessary steps to qualify for the Euro Zone status. At the time, many representatives from other countries were aware that Greece may have in fact lied on some of their economic documentation, however they felt that it was a lack of respect between countries and did not think of the grave consequences that Greece’s actions could have on the entire Euro Zone in the future. Therefore, Greece, albeit by the skin of their teeth, made it in to becoming one of the prestigious Euro Zone countries. Greece’s economy boosted almost immediately, its citizens given the opportunity to borrow money again, to purchase large items they never could have dreamed purchasing under the old economy. Greece became everything they had hoped to become upon earning Euro Zone status. But as it is well known, one cannot borrow and borrow without eventually paying back one’s own debts. This is the case that Greece, and other Euro Zone countries, are facing at this very moment, as unlike other countries who have full access to creating new currency, the Euro cannot simply be printed without first consulting the entire Euro Zone. Germany does not want to risk inflation, nor does France, therefore there will be no printing of the Euro and hard times continue to plague Greece for now.

Ancient Greece, teaches us a lesson

Greece is resilient, however. Greece has overcome many hard times in its lengthy and historic past, obstacles that many smaller, younger countries could not even imagine. There has been widespread war, famine, inflation and illness. Just as the United States overcame its Great Depression, Greece is now facing its own Great Depression. The Greek government will not concede to failure, just as they did not when becoming part of the Euro Zone. Deceit may have been the way Greece became a part of the Euro Zone, however its natural perseverance and beautiful tourist destinations will allow for this ancient government to survive. Just as with many other Mediterranean countries, Greece is a mecca for tourists, providing scenic views of the sea atop picturesque hills, dotted for miles with crisp, white homes. The sandy beaches and pristine aqua-green waters invite visitors from around the world, hundreds of thousands that will not be scared off by a weak economy. On the contrary, these tourists will flock to Greece as a sanctuary from the high prices of their own country, basking in the unfortunate misfortune that has fallen upon this beautiful country. Greece will welcome its tourists with open arms, offering discounts and other advantages to tourists wishing to escape their own misfortunes for awhile. Islands such as Cephalonia (also written Kefalonia) are a prime example of this, maintaining its reputation as one of the top tourist destinations in Europe despite a weak Greek economy. Italian tourists are most abundant on these beaches, flocking from their homeland for a chance to relax. The Greek people are hardworking, honest individuals who have been dealt a bad hand of political power. Greed can befall even the best of economies when put into the wrong hands, and this is what has happened to Greece. The Greek people are welcoming and joyful by nature, allowing them to continue to be themselves is important to improving their economy. Americans, Europeans and others from all over the world will need to educate themselves more about this vibrant culture and what Greece has to offer now. Greece opens its traditions and history in Acropolis, allowing tourists to see ancient ruins and mesmerizing art and sculpture. White sand beaches and calm waters await those wanting good food and relaxation in Cephalonia. A spicy romantic rendezvous is just around the corner in Santorini, boasting some of the world’s most beautiful sceneries and some of the freshest seafood in the Mediterranean. Greece is full of dazzling beauty, vibrant cuisine and genuine hospitality. Tourism is the key to Greece’s success in 2012, guaranteeing that it overcomes this hurdle and moves forward into the future. Greece will win this battle and maintain its place as one of the world’s most vibrant and ancient cultures.

Do not be alarmed when planning your 2012 Holiday to Kefalonia, Greeks will always welcome you and the standards here will NOT change.

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