More of Louis from Santorini, Greece. Santorini is as close to God as you can get on earth. What a place!
Yesterday, I had major problems with DAY 9. I lost most of it in never never land. Today, I had intended to play catch up. Instead things are moving on the euro front and I have decided to take a day off from reporting my trip to share the euro situation further with you. It is important not only to Greece, Spain, Italy and Germany, but most nations of the world. Including the United States.
I will play catch up tomorrow regarding the trip.
This euro problem is constantly fomenting. A bit more each day.The Greeks unquestionably hate the Germans. The Germans think the Greeks are stupid and know not how to manage money.
I compare the present euro situation to Hitler’s invasion of Poland. It was a German invasion with bullets and planes. Here it is an economic intrusion and the euros have replaced the bullets and planes.
The result is the same, however. War. Presently an economic one. It could turn into bullets, etc. One nation cannot deprive another of the sustenance required to live properly. Recoupment and retaliation are the result.
The Greeks are hurting economically.
Santorini for example is back where Key West was three years ago. For several years, Key West experienced unbounded prosperity. Everyone working. Most making more dollars than they ever had. Real estate prices going through the roof. Hotel and the restaurant prices constantly on the rise.
There was no end in sight as to this ever escalating prosperity. Then came the mortgage crash. Primarily inspired by the banks. And persons who were greedy enough to think they could own a home costing more than they could afford.
Santorini is in that place today. This is year one. The economic crash hit big time this year. Hotels and restaurants are learning they have to lower their prices. Tourists are not coming in the numbers they used to. They either have no money or have a fear of not having any. Everyone working for less. Every one doing whatever it will take to keep the business they have and encourage new business.
I had dinner the other night with a friend I met here. We dined at one of Santorini’s better restaurants. Each of us had an appetizer, five drinks between us, and a whole fresh fish each. Bill time arrived. A robust 40ish woman brought it to our table. She introduced herself as the owner’s daughter, thanked us for coming, asked that we return another time, and told us the two appetizers and five drinks were on the house.
I read this morning on the BBS news network that the Greek islands are in trouble. Santorini was not mentioned. Other islands were. Business dramatically down. One hotel having 20 rooms had only 3 occupied. Bad days not ahead. Bad days already here.
I read a long article on the euro problem also today. By the multi billionaire, maybe trillionaire, George Soros. It was well written. Soros basically said the present problem is of Germany’s making. They are the only nation that prospered under the euro situation. Everyone in Germany making more and more money. Germans buying up everything. Even real estate. Prices going up like there is no tomorrow. But so what, the German’s believe their money making will go on forever.
Soros says no way! He gives the present situation three months before a severe economic crisis hits. Unless the right thing is done, of course. Which I think means Germany becoming more liberal and cheaper with its with its loaning programs to other European nations. Germany is the bank. The other nations the borrowers.
Soros thinks there will shortly be a short term solution. A band-aid one. Lasting about three months. At that time most of the European nations will not be able to make their loan payments to Germany. Then the shit will hit the fan! Germany will also hurt because they are not being repaid. Eventually and soon there after there could be a European economic collapse leading to a world wide one.
Everyone will suffer. Including once again the Germans since the paper they hold evidencing the loans will have become become worthless.
I got a manicure yesterday. At Hair & Soul. I spoke with the owner Catherine Risvani about the economic situation.
Think Key West as I share her comments with you.
The rent on her beauty parlor has gone up. The rent on her home has gone up. The price of beauty supplies has gone up. In the meantime, her business has gone down. Fewer visitors. Fewer locals being able to afford her services. How much can she raise her prices and still attract business?
Catherine’s attitude was good. We have had problems before. We are having them again. This too will pass.
Encouraging. Hopeful. However, I am not sure she is correct. The devastation of the economy as suggested means businesses out of business. 1929 and the present U.S. recession all over again. But worse.
When people are without work, when parents cannot feed or educate their children, violence can occur. I sense that possibility here in Greece.
Enough for today. I have a ton of things which I wish to share with you. I am now two days behind. I promise to get caught up tomorrow. This euro thing captivates me.
Tomorrow you will read of a cold front. Yes, even here in the Greek Isles. Just like Key West. The story of Nikos and Maria. It will blow you out how they have succeeded and are now doing everything to make sure they can preserve that which they earned over the years by hard work.
How about solar panels for power? Yes, here in Santorini. And apparently not expensive. No cable TV. Antennas on the roofs. A restaurant called something Katina sitting on a shelf in the water surrounded by a gigantic mountain of lava remaining from the volcano 3,500 years ago. Steps. More steps. A nude woman swimming. The story of a former Onassis property which sits right next door to Niko’s property. A description of my cave’s bathroom. Cheap alcohol.
Join me. Read me again tomorrow. All this is too good to miss.
In the meantime, enjoy your day!