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2/21/11 Thrace, Greece. A destroyed building of a factory. When the financial crisis hit Greece it left the northern region of Thrace with fewer than 10 working factories and an unemployment rate of 50 percent. Thrace’s industrial zone—once a constant stream of activity—was now littered with abandoned buildings and factories. The industrial boom in the northern region of Greece started in 1976, when the Greek government subsidised the construction of hundreds of factories. The goal was to entice Greeks—particularly large numbers of 18 to 50 year olds—to not emigrate to Germany and the United States for overseas employment. From 1982 to 1994, seven government development acts invested approximately one out of every four euros in the region. More than 370 businesses applied for these loans, and the government estimated that this development would create nearly 27,000 jobs. Banks also provided generous loans, and the emigration problem was temporarily averted as jobs became plentiful. Thrace now feels more like a cemetery, or a place of ruins. Like a ghost town, buildings are empty of people but still contain decorations or office equipment, evoking the feeling that the employees left in a hurry with little forewarning of the crisis to come.