Posts Tagged ‘debt’

Greek Village in Hungary in Debt; Comparison with Greece Unwarranted, Residents Say

Representatives of a small Hungarian community settled by Communist Greek refugees in the 1950s believe it is unfair to characterize their situation as a microcosm of cash-strapped Aegean nation.

Nevertheless, Beloiannisz, a village of some 1,200 residents an hour’s drive south of Budapest, has found itself in arrears and in need of a loan, according to a report on Hungarian news portal Origo.

Villagers also told Origo that, in their view, Europe was making a scapegoat out of Greece.

The village was established in the 1950s by Greeks fleeing their country’s civil war.

It was named after Nikos Beloyannis — Beloiannisz is the Hungarian spelling – a leader of the Greek Communist Party.

Indebted Soccer Club’s Website Goes Offline

Portsmouth FC, a cash-strapped club in the English Premier League, recently had to suffer the embarrassment of having the plug pulled on its website because of an unpaid bill, according to a report in The Daily Telegraph.

Anyone logging in to the site on Wednesday morning would have read the message “Website Unavailable”. Service was eventually restored later in the day.

Portsmouth is currently at the bottom of the league standings.