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By Dimitra DeFotis

A documentary short made about the migrant and refugee crisis in Greece received an Academy Awardnomination.

The 2017 Oscars will be doled out Sunday night. The film, 4.1 Miles, captures drama on one day in October 2015as the Greek coast guard rescues refugees and migrants in the choppy waters between Turkey and the Greek island of Lesbos, which is 4.1 miles away. It was directed by Daphne Matziaraki, herself an immigrant from Greece who completed the doc as her thesis at the University of California Berkeley Graduate School of Journalism. It was published by The New York Times Op-Doc video portal.

In the film, a Lesbos island coast guard leader says of the refugees:

I cant reassure them. Its impossible. When I look into their eyes, I see their memories of war. and we see these families losing each other in the Greek sea. In the sea of a peaceful country. Because of the way they have to cross

Financially troubledGreece has balked at housing and feeding let alone employing the flood of people moving into Europe. As for the Greek economy, little progress was made this week on its bailout review with Eurozone creditors. The Global X MSCI Greece exchange-traded fund (GREK) was fractionally higher on the week. See our post, Greece: ETF Rises, But Is Austerity Over?Also see our Penta Daily post, Refugee Crisis: How to Help.

Deadline Hollywood interviewed the directoron refugees, Greece and more.

For investors, see our free post onGreece, Turkey, Refugees, Crisis & NATO from James Stavridis, a retired U.S. Navy admiral and dean of the Fletcher School of law and diplomacy at Tufts University. Also see ourposts on the Greek economy, and on Turkey for investors.

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Greek Migrant Crisis Film Nominated For Oscar - Emerging Markets ... - Barron's (blog)