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AUSTERITY Greeks Go Back to the Land AP Photo

Greeks Go Back to the Land

Here’s one option for when your nation’s economy seems on the verge of collapse: run for the hills and start a farm. With jobs increasingly hard to come by, Greeks are fleeing the city to start agricultural projects such as raising edible snails for export or growing mastic trees. Unemployment in Greece is at 18 percent, but it’s at 35 percent for people between the ages of 15 and 29. But many Greeks are more-heavily invested in real estate than financial markets, so they’ve retreated to their land as a last line of economic defense. The agricultural sector added 32,000 jobs from 2008 to 2010, one of the only sectors to show growth.

January 9, 2012 6:48 AM