Via the Guardian:

5.45pm: News in from Athens where Helena Smith, our correspondent, says cash-starved Greece has vowed it will step up cooperation with Israel and Cyprus on the grand search for natural gas deposits in the Mediterranean basin.

Helena writes:

Greek officials have not hidden their hope that the discovery of as yet unexploited natural gas deposits in the Mediterranean will help release the debt-stricken country from its economic mess. “We are entering a new period,” George Papaconstantinou, the country’s energy ministry who formerly held the finance portfolio, said in a radio interview today.

“It seems that we have some [hydrocarbon] deposits. “We are not Norway and we are not going to become Saudi Arabia and I don’t think all of our economic problem is going to be solved with it, but Greece has more deposits that anyone believed until recently and is in a region that is now being “discovered” by international companies,” he said.

In possibly related news from another of the euro zone’s impecunious provinces, officials in Ireland are touting that country’s rainbows as the key to the location of massive precious metal reserves.

Most Popular


Fire the FBI Chief

American government is supposed to look and sound like George Washington. What it actually looks and sounds like is Henry Hill from Goodfellas: bad suit, hand out, intoning the eternal mantra: “F*** you, pay me.” American government mostly works by interposition, standing between us, the free people at ... Read More
Film & TV

Black Panther’s Circle of Hype

The Marvel Cinematic Universe (MCU) first infantilizes its audience, then banalizes it, and, finally, controls it through marketing. This commercial strategy, geared toward adolescents of all ages, resembles the Democratic party’s political manipulation of black Americans, targeting that audience through its ... Read More