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“Greece: Staying with the Euro vs. Default and Exit” Dinner – Lecture in Los Angeles, CA

On Sunday, February 2, 2012, the American Hellenic Council and the Hellenic University Club of Southern California, in association with the Basil P. Caloyeras Center for Modern Greek Studies, will host a Dinner – Lecture at Loyola Marymount University in Los Angeles with the subject of  “Greece: Staying with the Euro vs. Default and Exit”. [...]

US Media Spotlights Greece’s Dire Financial Situation

In case the Greek government and its private investors do not come to an agreement, the bailout plan for the Greek economy will fail and the next tranche will be lost, reports the US media, emphasizing the “harsh” warnings of Germany and France towards Greece to proceed with the implementation of all reforms agreed upon [...]

Greeks Come To NY In Search Of Better Life Prospects

WNYC published an extensive report on Greek people leaving their recession-hit country and travelling to NY in search of a better future. The collapsing economic situation in Greece has led many Greeks to either return to the US or simply make a whole new start in the US and search for new prospects. According to [...]

IMF Mum On Possible Papandreou Resignation

IMF Mum On Possible Papandreou Resignation

The International Monetary Fund declined to comment on speculation that Greek Prime Minister George Papandreou may resign Thursday, insisting uncertainty in the country must be removed before the fund makes a decision on more financing for the struggling country. IMF spokesman David Hawley refused to weigh in on overnight political developments in Greece, including reports [...]

Buy a house, get a US visa?

John Thomas Financial CEO Thomas Belesis chimes in on Fox Business Scoreboard regarding a bill that will grant visas to people who buy houses that worth over $500.000.

Strong Bilateral Relationships Between Greece and USA

During the meeting between US Secretary of State Hillary Clinton and Greek FM Stavros Lambrinidis at the State Department, Clinton underlined bilateral relationships between USA and Greece, that continue strong, regional and international matters, and of course the international economic challenges that Greece along with the rest of the world is facing. On his part, [...]

Greek Shipowners Demand Piracy Be Curtailed

Greek shipowners have been warned of the havoc on vital international ocean trades if the problem with piracy is not curtailed more effectively. The message was spelt out “in no uncertain terms” by a delegation of Greek owners who visited Washington this month, meeting rule-makers and officials including US Secretary of Transportation Ray La Hood. “They understand [...]

Hellenic-American Chamber of Commerce Honors Shipowner John Angelicoussis

Greek ship owner Mr. John Angelicoussis was honored by the Hellenic-American Chamber of Commerce as “Man of the Year 2011”. Mr. Angelicoussis sounded optimistic about the future of his country despite all current negative circumstances, underlining that “Greece can never die” but it will come out of the crisis stronger than ever before. Furthermore, Mr. [...]

ND Vice President Meets with Greek Businessmen in New York

Vice President of Nea Dimocratia political party, Dimitrios Avramopoulos met with Greek businessmen in New York during his last visit in the USA. The meeting was organized by the Chairman of the Red Apple Corporation John Katsimatidis , according to a relevant press announcement. The Vice President talked about his meeting during a press conference. [...]

Alma Bank Receives $19 Million to Support Small Businesses

After meeting all the criteria set by the U.S. Treasury in order to receive funds as part of the national act helping firms expand their operations, the Greek-American Alma Bank received $19 million through the Treasury’s Small Business Lending Fund. The Fund was created through the Small Business Jobs Act, signed into law by President [...]

Inflation and Unemployment Rise

According to some new reports, slow economic growth is being predicted, while inflation and unemployment are increasing menacingly. Fewer and fewer assets are being bought, according to the data. A more optimistic perspective is given by the private search center Conference Board, which foresaw bigger economic growth in July, in comparison to June. Other centers [...]

Steve Forbes on the Greek Economic Crisis

One of the leasing US publishers, Steve Forbes, went to Athens in mid June for the Greek Power Summit. In his interview in Athens News, he expressed his opinion considering the Greek economic crisis and debt management by the Greek government and the European leaders. First of all, he believes Greece has huge opportunities, but [...]