Greek Economic Crisis Reaches North America

• by admin
• July 9, 2015

As the world watches the European Union wrestle with the Grecian crisis and waits for a proposal from newly elected Greek Prime minister Alexis Tsipras, North American businesses that rely on imports from Greece are starting to feel the effects.

Businesses in the specialty food markets as well as restaurants that rely on authentic Greek products and foods are having trouble paying their Greek suppliers.

The banking system in Greece is frozen at the moment, making it impossible for North Americans or anyone else for that matter to get their payments through. Greek banks have shut down until the crisis is resolved.

Some American businesses report that some Greek suppliers are requesting cash in advance for future stock purchases of Greek goods. This has some worried that they could be out of pocket and out of stock if the crisis worsens.

Reports suggest that due to the banks closure that having physical Euro’s on hand is how the present economy is surviving.

Business owners that rely on Greek specialty items are beginning to consider North American based suppliers for goods such as Yogurt and Feta Cheese. This could be good for businesses on this side of the Atlantic, proving once again that one mans debt crisis is another mans treasure!

The world waits on the outcome and Greece’s economy depends on it.

As the world watches the European Union wrestle with the Grecian crisis and waits for a proposal from newly elected Greek Prime minister Alexis Tsipras, North American businesses that rely on imports from Greece are starting to feel the effects. Businesses in the specialty food markets as well as restaurants…