3 ms·
It's somewhat unfair to limelight the situation of a one-industry town (Perama). Greek shipbuilding was probably on its way to China anyways (just like US steel
by zeteo 16y ago
It's somewhat unfair to limelight the situation of a one-industry town (Perama). Greek shipbuilding was probably on its way to China anyways (just like US steel making, and uncounted other industries), and the crisis merely sped up the process.
The article overall seems a bit on the sensationalistic side, full of cherry-picked alarmist anecdotes. I would take it with a decent dose of salt.
- w00pla 16y ago> Greek shipbuilding was probably on its way to China anyways (just like US steel making, and uncounted other It doesn't have to be that way. Japan has some of the highest labour rates and expensive electricity. It has to import both iron ore and coal. Yet it is home to the very profitable steel mill: http://en.wikipedia.org/wiki/Nippon_Steel http://en.wikipedia.org/wiki/Nippon_Steel