Marketplace®

Daily business news and economic stories

Little Athens has to cope with the crisis, too

The Greek debt crisis has caused ripple effects, affecting business owners in the U.S.

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.”

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace
    9 hours ago
    25:19
  • Make Me Smart
    14 hours ago
    19:00
  • Marketplace Morning Report
    17 hours ago
    6:55
  • Marketplace Tech
    21 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45