x

Politics

N.Y. Greek Society Chief Says Diaspora Still Bullish on Greece

February 19, 2017

NEW YORK – Despite being burned already, Diaspora Greeks still want to invest in Greece, the head of the Federation of Greek Societies of Greater New York said.

Petros Galotoulas told the newspaper Vradyni, however, that luring money again from the Diaspora depends on the ruling Radical Left SYRIZA-led government of Prime Minister Alexis Tsipras cutting the bureaucracy and providing a stable and legal tax system, promises made and not kept by a succession of administrations.

Buyers of Greek bonds, including many in the Diaspora, took losses of 74 percent imposed by a previous government in 2011 under then-Finance Minister Evangelos Venizelos and have been reluctant to return, with some losing their life’s savings and arguments to get the money back rejected by Greek courts who said the government had the right to take their money and ignore bond buying guidelines.

Galatoulas also defended US President Donald Trump’s hardline policy on immigration, a stance ironically opposed in some ways to the terms that let Greek-Americans into the country generations ago.

He said Trump, who he supports, sees in Greece a steady and reliable ally. Speaking on the issue of Greek debt relief, Galatoulas said that any decisions rest with European lenders, not with Washington, where the International Monetary Fund, one of its chief international creditors, is demanding more austerity in return for assistance.

RELATED

An ethnic Greek jailed in Albania after being elected Mayor of the seaside town of Himare said Prime Minister Edi Rama is behind it and controls the courts who sentenced him over the protests of Greece.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

It’s Not as World-Famous as Ramen or Sushi. But the Humble Onigiri is Soul Food in Japan

TOKYO (AP) — The word “onigiri” became part of the Oxford English Dictionary this year, proof that the humble sticky-rice ball and mainstay of Japanese food has entered the global lexicon.

DENVER - His Eminence Metropolitan Constantine of Denver was enthroned on Saturday June 22 at the Assumption Cathedral in Denver, CO.

The first weekend of summer brought a tragic yet familiar pattern for American cities wracked by gun violence as mass shootings left dozens dead or wounded at a party in Alabama, an entertainment district in Ohio and a grocery in Arkansas.

PARIS (AP) — Dior staged an homage to sport on the eve of the Paris Olympics on the grounds of the Musée Rodin on the first day of Paris Couture Week on Monday.

ATHENS - This week, a cohort of SNF Paideia Fellows visited SNF's headquarters in Greece as part of an annual trip to Athens to celebrate their completion of the program.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.