''New York Times'': Greek Economy-Τhe Country’s Natural Resources ( or at least two of them) ...
It’s the Economy: What Greece Makes, the World Might Take It has been years since anyone said anything positive about the Greek economy. But as one Greek economist recently told me, there’s a local saying that when a spring is pressed down hardest, it can spring back the fastest. Let’s consider the country’s natural resources, or at least two of them. Feta cheese, which is increasingly popular throughout the world, is mandated by an E.U. ruling to come from Greece. The country also harvests arguably the best olives for making olive oil. Yet somehow Greece has only 28 percent of the global feta market and a mere 4 percent share of the international olive-oil industry. How is this possible? In the last decade or so, companies in the United States, France, Denmark and elsewhere flouted the feta ruling and invested in their own food-science research and manufacturing equipment. They subsequently turned the salty, crumbly cheese into spreadable, grillable, fat-free and shelf-st...