Karambelas: Greece a symptom, not a cause, of Euro crisis
WASHINGTON, DC —Nicholas G. Karambelas, Esq., volunteer legal counsel, American Hellenic Institute (AHI), and partner, Sfikas & Karambelas LLP, appeared on National Public Radio’s “The Diane Rehm Show,” June 23, 2015, to discuss “The Greek Debt Crisis and the Threat to the Eurozone.” The show aired on WAMU 88.5 FM in Washington, DC.
Scheherazade Rehman, professor of International Business and International Affairs at George Washington University and director of the university’s European Union Center, and Tom Nuttall, Brussels correspondent and Charlemagne columnist for The Economist; joined Karambelas on the panel.
Karambelas explained the impact of the economic crisis on the people of Greece, including how it affects the middle class, and of course, the unemployment rate, which is nearly 50 percent among young persons. He also explained the importance of pensions to Greek families, noting that Greece has one of the most elderly populations in Europe and that entire families often live off a pension and not just an individual.
In response to a question about whether he sees the crisis as a Euro crisis or a Greek crisis, Karambelas said, “So Greece is, in a lot of ways, is a symptom rather than a cause of the euro crisis.”
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.