Mention the name "Greece" and most people envisage white washed buildings on beautiful islands, crystal clears seas and the Acropolis. Others think of Ouzo, feta cheese and men wearing those "wierd dresses" or foustaneles. Very few people would think of Greece as an economic power either in the world or within Europe.
Yet Greeks today own the world's largest merchant fleet, surpassing even Japan, Norway and the USA. With nearly 28% of the world's merchant ships, they ply the oceans carrying oil, petroleum, goods and passengers under various national flags.
Until the early 1990s, the Greek merchant fleets were privately owned by families and most were made up of one or two ships. Over the last decade however, consolidation and expansion has seen these small businesses branch out to become multi-tanker fleets. Further, the Greek merchant fleets are registering to be become public companies to allow them to draw funds for further expansion. This has seen the global capitalisation of the merchant shipping industry increase from a mere $2.2billion in 2002 to an astronomical $20billion this year.
The late Aristotle Onassis built his wealth on the back of his shipping business. Today, the shipping industry may have ships flying under Australian, Liberian, Canadian or any other of a multitude of flags, but its owns are Onassis countrymen and women. Moving from family owned "at home office" setups to corporate board companies, the Greek ship owners of today are steadily bringing about a union of the Greek love for the sea and a thirst of ruling the seas with their fleets.
The side effect of this slowly growing Greek merchant fleet, most of whom are operating out of Athens and its port city of Piraeus, is the political influence they currently hold both within Greece and abroad. Greece today has a much more friendlier relationship with countries through Africa, the Middle East and the Far East, because of its more independent stand than most European or North American countries. This congenial relationship allows the Greek merchant fleets to not only ply these normally hostile waters much more freely, but also allows Greek businesses to open up new expansion opportunities than other Western businesses.
In the next article on Greece - Today And Beyond, I'll look at how Greek banks are taking control of the Balkans and the influence they currently have.
Thursday, December 01, 2005
Saturday, November 19, 2005
Have The Gods Returned To Mt Olympus?
Have you noticed something strange happening over the last few years in Europe? Or is it my overactive imagination taking control again? It seems like the ancient gods of Mt Olympus have returned home and are smiling on their beloved people one more time.
In ancient times right through to the Middle Ages, one culture seemed to dominate European society, either directly or indirectly. Greece was the powerhouse of intellectual thought, discovery, science and more in the Classical times. When the Romans finally conquered Europe [and Greece], the Middle East and North Africa, converting the Mediterranean Sea into a Roman lake, the Greek culture was the dominant one resulting in Ancient Rome's famous Poet Horace saying "Greece has conquered her rude conqueror".
When the Roman empire broke into two parts, it was the eastern part - the Eastern Roman Empire [later to become known as the Byzantine Empire] which survived for over 1100 years and the Greek language and culture permeated throughout the eastern Mediterranean. Even with that empire collapsing in 1453AD, Greek culture then took over the rest of Europe, as the Dark Ages gave way to the Renaissance where Greek thought, science etc took hold.
But Greece - as a country and a people - has been a backwater nation, which has lived on its past glories. As one of the poorer and smaller countries of Europe, it's modern day influence has been minimal.
By now, you are probably wondering what or where I am heading.
Well, I find it strange how all of a sudden, a new "Greek era" is suddenly emerging. Not in politics, philosophy or science. But in the social and cultural "ethos" of the people. Its a seed at present, but it makes me wonder whether this "seed" will evolve into a small plant and later into a tall oak [excuse the analogy].
In 2004, Greece won for the first time, the European Soccer cup coming from being a total outsider and defeating the powerhouses of Europe. This was then followed by the most successful Olympic Games in history, despite all the stops-and-starts and the fears of terrorism, not to speak of many simply believing they would never pull it off.
In 2005, they then proceeded to win the Eurovision Song Contest with the song "My Number One" through clever touring and promoting themselves prior to the event. And now, once again despite being the outsiders, they have won the European Basketball defeating the Germans.
What will happen in 2006? Another couple victories?
If you look beyond the sporting and cultural scene, the Greeks of today are also becoming the financial powerhouse of the southeastern part of Europe. Many of the Greek banks are now major shareholders [or owners] in most of the SE European banks [eg Bulgaria, Macedonia, Albania, Romania, Serbia etc] through acquisitions and partnerships. Investment by Greek companies [both government owned and private] in the southeastern European nations is now so high, that Greece is the major economic powerhouse for the region. And through this, also the political power of the region.
Is the 21st Century seeing the dawning of a new era for Greece? One where socially and culturally it is re-raising its head and saying "we are here, so beware", whilst economically it is becoming the power of SE Europe - a mini-USA so to speak?
Or have the Gods of Mount Olympus simply got tired of their hollidays away, and now returned home. Has Zeus and Hera and their ten children looked down on their beloved country and despaired at what their favoured people have become during their absence? And now, with a favoured wind here, and push there, gently prodding them to regain some of their ancient glory?
Time will tell, but if any of you do go to Greece for a holiday, look up at Mount Olympus and see if the fires are lit once again :-) And please let me know.
[originally posted in my other blog on September 26th 2005]
In ancient times right through to the Middle Ages, one culture seemed to dominate European society, either directly or indirectly. Greece was the powerhouse of intellectual thought, discovery, science and more in the Classical times. When the Romans finally conquered Europe [and Greece], the Middle East and North Africa, converting the Mediterranean Sea into a Roman lake, the Greek culture was the dominant one resulting in Ancient Rome's famous Poet Horace saying "Greece has conquered her rude conqueror".
When the Roman empire broke into two parts, it was the eastern part - the Eastern Roman Empire [later to become known as the Byzantine Empire] which survived for over 1100 years and the Greek language and culture permeated throughout the eastern Mediterranean. Even with that empire collapsing in 1453AD, Greek culture then took over the rest of Europe, as the Dark Ages gave way to the Renaissance where Greek thought, science etc took hold.
But Greece - as a country and a people - has been a backwater nation, which has lived on its past glories. As one of the poorer and smaller countries of Europe, it's modern day influence has been minimal.
By now, you are probably wondering what or where I am heading.
Well, I find it strange how all of a sudden, a new "Greek era" is suddenly emerging. Not in politics, philosophy or science. But in the social and cultural "ethos" of the people. Its a seed at present, but it makes me wonder whether this "seed" will evolve into a small plant and later into a tall oak [excuse the analogy].
In 2004, Greece won for the first time, the European Soccer cup coming from being a total outsider and defeating the powerhouses of Europe. This was then followed by the most successful Olympic Games in history, despite all the stops-and-starts and the fears of terrorism, not to speak of many simply believing they would never pull it off.
In 2005, they then proceeded to win the Eurovision Song Contest with the song "My Number One" through clever touring and promoting themselves prior to the event. And now, once again despite being the outsiders, they have won the European Basketball defeating the Germans.
What will happen in 2006? Another couple victories?
If you look beyond the sporting and cultural scene, the Greeks of today are also becoming the financial powerhouse of the southeastern part of Europe. Many of the Greek banks are now major shareholders [or owners] in most of the SE European banks [eg Bulgaria, Macedonia, Albania, Romania, Serbia etc] through acquisitions and partnerships. Investment by Greek companies [both government owned and private] in the southeastern European nations is now so high, that Greece is the major economic powerhouse for the region. And through this, also the political power of the region.
Is the 21st Century seeing the dawning of a new era for Greece? One where socially and culturally it is re-raising its head and saying "we are here, so beware", whilst economically it is becoming the power of SE Europe - a mini-USA so to speak?
Or have the Gods of Mount Olympus simply got tired of their hollidays away, and now returned home. Has Zeus and Hera and their ten children looked down on their beloved country and despaired at what their favoured people have become during their absence? And now, with a favoured wind here, and push there, gently prodding them to regain some of their ancient glory?
Time will tell, but if any of you do go to Greece for a holiday, look up at Mount Olympus and see if the fires are lit once again :-) And please let me know.
[originally posted in my other blog on September 26th 2005]
Welcome!
I have created this blog for one main reason. To highlight to the world what is happening within Greece and its slowly expanding influence in the Balkans and Middle East.
Today's media is too focused on the main superpowers and their interests, whether its Iraq, Israel or terrorism. The Greece of the 21st Century may not become the "superpower" of the past, but may end up being the mini-superpower of the future. Not through strength of arms, but via economic involvement.
I hope you find this blog of some benefit.
Today's media is too focused on the main superpowers and their interests, whether its Iraq, Israel or terrorism. The Greece of the 21st Century may not become the "superpower" of the past, but may end up being the mini-superpower of the future. Not through strength of arms, but via economic involvement.
I hope you find this blog of some benefit.
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