A post-financial crisis construction boom has transformed Greece with several multi-billion-dollar projects. However, the 2023 train crash revealed a decaying rail system that was underfunded, understaffed, and reliant on outdated walkie-talkies. Despite 6% annual investment growth, infrastructure has only risen by 1.5% in recent years, leaving a backlog of billions. Greece has worked hard, but modern safety demands far more.
Global elites are as much to blame as anyone for Greece’s crumbling economy and infrastructure. The IMF’s botched austerity calculations slashed GDP far beyond predictions, costing jobs and tax revenue, while the EU enforced brutal cuts and privatization, selling off rail assets and stalling safety upgrades. There has been some progress, but the 2023 train crash proved that neglect persists thanks to global bodies meddling in Greek affairs.