Larisa, the capital of the Porsche Cayenne
by Costas Papachlimintzos
24 October 2011
Porsche Cayenne (file photo)
Which city tops the global list of per capita ownership of Porsche Cayennes? It’s arguably a 100,000 euro question, the starting price for Porsche’s pricey SUV.
London, New York or Larisa? Don’t laugh, but the correct answer is the third. Larisa, which has about 250,000 inhabitants, is the capital of the agricultural region of Thessaly in central Greece.
As Professor Herakles Polemarchakis, the former head of the Greek prime minister’s economic department, wrote in a recently published article, Larissa “is the talk of the town in Stuttgart, the cradle of the German automobile industry, and, particularly, in the Porsche headquarters there”, since it “tops the list, world-wide, for the per-capita ownership of Porsche Cayennes”.
“The proliferation of Cayennes is a curiosity, given that farming is not a flourishing sector in Greece, where agricultural output generates a mere 3.2 percent of GNP in 2009 (down from 6.65 percent in 2000) and transfers and subsidies from the European Commission provide roughly half of the nation’s agricultural income,” Polemarchakis’ wrote, in a recent article that appeared in the Bulletin of the Economics Research Institute of the University of Warwick, where he teaches economics.
“A couple of years ago, there were more Cayennes circulating in Greece than individuals who declared and paid taxes on an annual income of more than 50,000 euros,” he pointed out.
Source: Athens News.
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