Greece's rulers want to waste money
rebuilding the Colossus of Rhodes.
"Costing €250 million (£183 million), the statue will rise more than
135 metres (443 feet) above the harbour, about one and a half times the
size of New York’s Statue of Liberty.
Promoters of the project
estimate that the Colossus, which will house a library, shops and a
museum, will generate an annual income of €35 million a year."
That's ridiculous. If that was true, private investors would have built it long ago.
"Plans, for the statue which have been announced against a backdrop of the Greek financial meltdown, will be seen as a sign of the country’s determination to emerge from the economic crisis.
“We want to show that Greece can get back on its feet again; that it
has the power and people to do so, and that the economy here can
recover,” Aris A. Pallas, the project’s head architect, told The Times."
That's a giant boondoggle that will make Greeks poorer, not wealthier.
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