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AHI Legal Counsel’s Article Published in Politico
September 23, 2015—No. 47 (202) 785-8430

AHI Legal Counsel’s Article Published in Politico  

WASHINGTON, DC — Politico, a political journal that covers the issues, ideas and personalities behind politics and policy in the United States and in the global arena, published an article authored by Nicholas G. Karambelas, Esq.  Karambelas is a partner in Sfikas & Karambelas, LLP and volunteer legal counsel and director of the American Hellenic Institute (AHI).  The article is entitled “Greece’s Century-Long Subjugation.”  It appeared in the September 18, 2015 edition of Politico magazine.  

Published before the September 20, 2015 elections in Greece, Karambelas writes that Greece has endured economic adversity arising from foreign borrowing going back to its founding in 1830.

Karambelas writes, “Just as they were in 1830, Greece and its economy are still being controlled by the European Powers although now in the form of the European institutions, which are in turn controlled by Germany. And just as in the time of King Otto, when the European Powers sought—and largely exercised—political and geopolitical control over Greece, today, under the terms of the bailout to which Greece had to agree in July it once again faces the prospect of conceding a significant measure of national sovereignty to the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF). The ultimate source of this pressure? Germany, once again.” 

Karambelas traces the history and reasons for Greece’s borrowing in the context of the century old national policy to expand the borders of Greece to include Greeks who lived in the Ottoman Empire, referred to as the Great Idea.  He concludes that the way forward is for the European institutions to dispense with punishing Greece and that Greece dispense with viewing every reform as an infringement on national sovereignty. 

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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