Little Athens has to cope with the crisis, too

The Greek debt crisis has consequences for businesses outside of Greece too. In the Astoria neighborhood of Queens, New York  — also known as Little Athens — some store owners have higher prices for many products, which is hurting business. 

Dianna Loiselle of Telly’s Taverna says the products she buys from Greece have spiked since the economic crisis began.

“The olives we buy were about $28, $29, and now they’re $52,” she says. 

Antony Fidanakis of Titan Foods has also been experiencing price hikes at his store.

“We used to be a store that was known for bargains,” he says. “We’ve actually become more and more expensive because all of those exports we’re buying from Greece have become less and less competitive.”