Friday 2 December 2016

Mathew Norman: Why the lessons of history should scare us as Greece teeters

Mathew Norman

Published 02/11/2011 | 14:22

There may be nothing new under the sun, but according to the ancient Greeks it is quite the celestial Johnny-come-lately. Long before the sun, long even before the Titans rose and fell, and Zeus slew his father Cronos to seize control of Olympus, there was only Chaos.

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There may be nothing new under the sun, but according to the ancient Greeks it is quite the celestial Johnny-come-lately. Long before the sun, long even before the Titans rose and fell, and Zeus slew his father Cronos to seize control of Olympus, there was only Chaos.

The mother of all things is back in charge as the muthah of all financial crises moves closer – thanks to the modern Greeks – to sucking us all into the Abyss (Chaos's firstborn, as you cosmology fans well know). Perhaps by now a semblance of order has re-asserted itself over the mayhem prevailing at the time of writing, with markets in freefall and confusion reigning over Greece's forthcoming referendum on the euro bailout. If so, it won't last long.

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