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Sunday, March 17, 2019

Athens - Far Too Large A City?

In a recent commentary, reference was made to the fact that nearly half of the Greek population lives in Athens. I used to think that it was a lot less than that but let's just assume for the purpose of the below argument that this is so.

If the same ratio were applied to other European capitals, here are some examples:

* Paris would have a population of 34 million (instead of 2 million)
* London would have a population of 33 million (instead of 8 million)
* Berlin would have a population of 41 million (instead of 4 million)
* Madrid would have a population of 23 million (instead of 3 million)
* Rome would have a population of 30 million (instead of 3 million)

Etc., etc.

Of all the structural weaknesses of the Greek economy, the undue concentration of the population in the capital of Athens seems definitely one of them. Permit me a naíve question: what are so many people doing in the capital? What are the productive venues they can pursue there?

The definition of the problem is always the easy part, the difficulty begins when one starts looking for solutions. Still, it would seem high time for a Greek government to study alternatives for 'de-centralizing' Greece's population in an economically profitable way.