Monday, June 11, 2012
Spain Now in Hock to the Tune of 100 Billion Euros-- Is it time to Rethink Odyssey's Offer?
Spain has agreed to accept a 100 Billion Euro bail out from the EU. Perhaps, it's now time for the Spanish Government to rethink Odyssey's offer to share the proceeds from rich Spanish shipwrecks as the British have done for their own shipwrecks. Archaeologists may snipe at Odyssey's efforts to record wrecks, but the truth is without selling off the numerous duplicate coins found, exploration of deep water wrecks will never happen due to the considerable costs involved. Isn't it better to record these wrecks before they deteriorate further? And perhaps Spain's share of the proceeds could be used to support its cultural establishment, which must be in for substantial cuts in these times of financial austerity. Partnering with Odyssey should be viewed as a win win for all. So why not?