This Part Of Greece's Capital Is Flourishing Amid Austerity

March 19, 2015 12:29 PM

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This Part Of Greece's Capital Is Flourishing Amid Austerity

Crickets. That’s what Sofia Vamiali heard when, in 2009, she reopened her art gallery in the heart of Athens. While she had been renovating her successful four-floor exhibition space, the global economy had been collapsing, and so no one was clamoring to get inside. And now that Greece has really tanked, how’s the gallery doing? “Everything has changed, but maybe for the better,” says Vamiali.

It’s a curious thing, but amid a stunning unemployment rate (26 percent), unsustainable debt (almost twice the gross domestic product) and the threat of more austerity, Greece’s capital city is flourishing in one way: as a mecca for artists. And not despite the debt crisis, but because of it. The ve...

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