Greek shipping heir Peter Nomikos has launched a new project entitled “Greece Debt Free” aiming at paying off the country’s debt.Nomikos started the non-governmental, non-political and non-profit campaign to help the Greek economy back on its feet with the contribution of all Greeks and friends. GDF was sparked by the understanding that the Greek national [...]
Tag Archives | Greek debt crisis
Obama Warns Greece of Risks Underlying Euro Exit
“It’s in everybody’s interest for Greece to remain in the Euro Zone” clarified the US president Barack Obama during a speech on the Greek debt crisis held in the White House. With this statement, the American president expressed the expectations of the West concerning the development of the Greek situation. Obama underlined that international partners [...]
American Jewish Committee Supports Greek Jewish Community Amidst Debt Crisis
The American Jewish Committee (AJC) has made a second donation to the Greek Jewish community to assist Holocaust survivors in financial need due to the severe economic crisis gripping the country. “We stand in solidarity with the Greek Jewish community, to whom we feel so close,” said AJC Executive Director David Harris. “Those Greek Jews [...]
“Greek News” Appeals to Greek-American Community For Support to Homeland
The Greek-American daily newspaper “Greek News” has appealed to the Greek Community throughout the US to provide the necessary support for Greek people going through extremely harsh times. In its main article, the editor of the NY newspaper, Mr. Apostolis Zoupaniotis analyzed the Greek situation and presented the overall data concerning rising unemployment rates, which [...]
US Media Focus on Greek Financial Developments
The Greek financial developments of the past few weeks have entered the centre of attention for the US media, which are extensively reporting on the financial crisis, the political turmoil and the austerity plaguing the Greek people. “New York Times” has featured a report on Greece, repeating that the new austerity measures will only add [...]
Greek-American Foundation to Support Vulnerable Groups in Greece
The Hellenic Relief Inc. was recently incorporated in the State of New York as a non-profit philanthropic entity with a mission of providing support for the Greek population suffering during the present economic crisis. The Foundation is the initiative of Americans of Hellenic descent, who wish to address Greek needs regarding health and nutrition. This [...]
Columbia University History Professor Explains Tense Relations Between Germany and Greece
Leading Professor of History at Columbia University, Mark Mazower, tried to explain in his article at New Statesman.com the tense relations between Greece and Germany after the latter’s involvement in sorting out the Mediterranean country’s debt crisis. Recognized for his book “Inside Hitler’s Greece”, the history professor elaborates on what has made Greeks compare modern [...]
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 [...]
Greek PM Lucas Papademos Continues to Attract US Media’s Attention
Once again the US media turns its attention to Greek PM Lucas Papademos due to his latest statements regarding “the necessity to show fiscal discipline and implement the agreed measures to the letter, in order for Greece to remain within the euro zone and escape the default gloomy fate scenario”. Among others, the media references [...]
Obama, Papademos Discuss Debt Crisis on Phone
US President Barack Obama spoke by phone Monday with new Greek Prime Minister Lukas Papademos to express support for the troubled European economy, the White House said. Obama called “to thank him for taking on such a significant responsibility at a critical moment, and to express US support for Greece’s efforts to implement its commitments [...]
Pancretan Association of America Issues Proclamation on the Debt Crisis in Greece
On the occasion of the 2011 National Convention of the Pancretan Association of America, the organization issued the following proclamation regarding the sovereign debt crisis in Greece. Whereas the public debt of Greece is the harbinger of financial problems for many countries, including our own, the United States, and Whereas frequent talk in [...]
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