WASHINGTON, DC —Nicholas G. Karambelas, Esq., legal counsel to the American Hellenic Institute (AHI), and partner in Sfikas & Karambelas LLP, appeared on CGTN America’s “Global Business America” program, June 15, 2017, to discuss the latest developments with Greece’s debt crisis with CGTN’s Rachelle Akuffo.
In the interview, Karambelas explained the strict measures that Greece has taken to secure the release of 8.5 billion euros from their creditors. He stressed the importance of the International Monetary Fund (IMF) staying in deal. Karambelas added that last week’s agreement provided very little clarity on debt relief. The issue will be punted until December 2017 or January 2018 after the German elections, he told Akuffo. He observed that the measures should be balanced against how they increase commerce and that budget surpluses, econometric models and GDPs are not the same as commerce. AHI is reviewing U.S. government programs which may assist Greece to increase commerce, Karambelas also noted.
The American Hellenic Institute is a non-profit Greek American think-tank and public policy center that works to strengthen relations between the United States and Greece and Cyprus, and within the Greek American community.
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