I left Istanbul a few days ago, and now I am in Athens, the capital of Greece . Currently the weather here is very bad, it has been raining all day long. I was forced to stay inside so I thought it was a good idea to keep you all posted.
Greece is like Istanbul, a city which is known for its cultural and historical background. But especially, we know Greece because of the Greek Mythology. Everybody knows about the stories of Achilles, Hercules, Aphrodite etc.
Besides all this beauty, Greece also has a dark side. Today Greece has a lot of debts it cannot pay off. The cause of the debt crisis are the so called hedge funds and other "speculators" because the institutions bailed out with public funds. Because of the crisis, the Greek government requested on April 13th 2010 to the EU and IMF for bail-out money. The estimated amount of money needed to bail-out was 50 billion. But the problem now is that the government isnt able to pay the interest that comes with the loan.
I think the biggest problem now is that Greece is a member state of the EU. So if other countries or investors lose their confidence in the Greek economy, the Greek economy will affect the value of the Euro and will on its turn affect the economy of Europe. That would be catastrophic for all the EU member states!
We can determine that Greece is in a lot of trouble today. Since the crisis started already many Greeks got unemployed because a lot of companies went bankrupt or closed their department. We need to solve this problem together with Greece!
Im in Turkey now, more specific in the city that once was the capital city of the Ottomanian empire, namely Istanbul. Turkey and especially Istanbul is known for its historical background. Ancient buildings are still standing on the land of the Marmaran-region.