Roger Jinkinson is a British writer, and he lives in a remote Greek village on the island of Karpathos (photo). Although the village is not immune to the meltdown of the Greek economy caused by a huge problem with sovereign debt creditworthiness, simmering most furiously in the ancient capital of Athens, 400 kilometers away, the small village has found its own way to survive the crisis.
The fundamentals of the Karpathos economy are straightforward: frugality and thrift that would perplex more cosmopolitan Europeans, hard work in labor that is practical and productive, and the replacement of a government fiat-money economy with a barter economy. Another factor has helped this rural economy work. Young Greeks, depressed by the collapsing system based upon an irresponsible government, are drifting back to places such as Karpathos, where life is not easy, but it is firmly grounded in the fundamentals of life.
Some of the older Greeks in this village either remember the mass starvation in the Second World War and the following years of the Greek Civil War, or they have been reminded of these very hard times by older family members.
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