
Crypto Investment Entry and Exit Strategies of Institutional Investors
Section: Business
In recent days, the popular tourist destination of Santorini, located in the Aegean Sea, has been rocked by a series of earthquakes, prompting a mass exodus of residents and visitors alike. Reports indicate that more than one-third of Santorini's approximately 16,000 residents have fled to Athens and other mainland locations as the seismic activity continues to escalate.
The tremors have persisted for twelve days, with the latest quake registering a magnitude of 4.9. While such quakes are not considered dangerous on their own, the frequency of these events has instilled fear among the populace. Seismologists are currently monitoring the situation closely, raising concerns that a major earthquake could occur in the near future. They estimate that if a significant quake were to happen, it could reach magnitudes between 5.5 and 6.0, which poses a risk primarily to poorly constructed buildings.
Travel disruptions have been significant, with a surge in demand for ferry and flight tickets as residents attempt to leave the island. Airlines have added extra flights, and ferry services have increased their capacity to accommodate the growing number of evacuees. One individual described the overwhelming situation, stating that the emotional toll is palpable, with many families, especially women and children, expressing their distress as they navigate the ongoing tremors.
The unprecedented frequency of these earthquakes has left geologists puzzled. Evi Nomikou, a professor of geology, noted that the current cluster of seismic activity is unlike anything previously recorded in terms of intensity and duration. Concerns are also mounting regarding the potential activation of the underwater Kolumbos volcano, located northeast of Santorini, which could have catastrophic consequences reminiscent of its violent eruption in 1650 that caused extensive damage across the eastern Mediterranean.
With the threat of a major earthquake looming, authorities are urging residents to remain vigilant and prepared. The situation continues to evolve, and updates from seismic experts will be crucial in the coming days as they work to understand the dynamics of this unusual seismic event.
Section: Business
Section: Arts
Section: Arts
Section: Business
Section: Business
Section: Arts
Section: Health
Section: Arts
Section: News
Section: News
Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.
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