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Greece is booming again. This time, will it last? | Paul Taylor

The public finances look strong and new construction signals rebirth – or the hubris that heralds yet another collapseCranes are finally whirling over a long-blighted stretch of wasteland on the Athens Riviera, just 6 miles from the Acropolis, which has been a symbol of Greece’s rise, fall and rise again over the past two decades. Yet it remains to be seen whether the country’s latest economic spring will prove more durable than past spikes in its historical cycle of boom and bust.The Ellinikon construction site, soon to feature luxury residences, the tallest apartment building and largest shopping mall in the country, two hotels, a marina, a resort complex and sports, recreational and cultural facilities, is an ambivalent ...

The Guardian     May 12, 2025