The Fog of Austerity: This Smoke Cloud Is the Ultimate Symbol of Greece's Depression

The Fog of Austerity: This Smoke Cloud Is the Ultimate Symbol of Greece's Depression

January 31, 2013
Originally published in The Atlantic

But "Greece is regressing," said Iain Murray, vice president for strategy at the Competitive Enterprise Institute. "As it becomes poorer, its environment suffers more." Between 1961 and 1998, the concentration of particulates in London fell from an average of 160 micrograms per cubic meter to less than 20. That's what coming down the curve looks like. "The current levels in Greece are reaching 300 micrograms per cubic meter," Murray wrote. That's what going back up the curve looks like.