St. George Greek Orthodox Church
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S o C V th ΓΡΑΦΕΙ ΤΗΝ ΙΣΤΟΡΙΑ W ΤΟΥ ΕΛΛΗΝΙΣΜΟΥ E 10 0 ΑΠΟ ΤΟ 1915 The National Herald anniversa ry N www.thenationalherald.com A weeklY greek-AmericAn PublicAtion 1915-2015 VOL. 18, ISSUE 9232 June 20-26, 2015 c v $1.50 How Marcus Costly Clash? Tsipras Stands Defiant, Bank Report1 Warns Built a Quiet Bank of Greece Sees Chaos if No Deal Real Estate Struck, Tsipras Rejects More Pension Cuts ATHENS - German Chancellor “If Europe insists in this in - Angela Merkel is squeezing comprehensible option — if its Empire Greece to deliver on commit - political leadership insists — ments to carry out reforms, then they must bear the cost of stressing before a meeting of Eu - developments that will not be Location, Location rozone finance ministers that beneficial for anyone on Eu - she wants the country to remain rope,” he said after meeting in Mantra Becomes in the common currency. Athens June 187 with Austrian Transparency Merkel said in a speech to Chancellor Werner Faymann. the German Parliament ahead European Union officials said of the June 18 Eurozone meet - they have already made major If the mantra of selling real ing that that Greece’s govern - concessions, dropping a budget estate is “Location, Location, Lo - ment in February “committed it - surplus target from 3 percent to cation,” then the way to make self to comprehensive structural 1 percent this year. it even more profitable, Greek- reforms. These must now be Athens still needed to come born U.S. property sales billion - tackled with determination.” up with a more realistic plan, aire George Marcus has found Merkel, whose country has EU Commission Vice President is “Transparency, Transparency, put up the bulk of 240 billion Valdis Dombrovskis said. Transparency.” euros ($270.34 billion) in two “It is important that the The California-based Marcus, bailouts from international Greek side actually not only who hails from the island of Eu - lenders, stressed that “Ger - communicates what they do not boea about 60 miles north of many’s efforts are directed to want to do, but also what they Athens, has become the king of Greece remaining in the Euro - do want to do,” he said. private client transactions, those zone.” Markets continued to react listings of generally under $10 She reiterated that “where badly to the news on the talks. Million, which make up the bulk there’s a will, there’s a way — if The Athens Stock Exchange’s of the U.S. real estate business. the political leaders in Greece main index sank another 3.2 His company, Marcus & Mil - show this will, an agreement percent, while the yield on lichap, has more than 2,800 with the three institutions is still Greece’s two-year bond has commercial properties for sale, possible.” That was a reference soared above 30 percent, a sign ranging from a $50 million hotel to Greece’s international credi - investors are more worried on the New Jersey side of the tors. about a default. Lincoln Tunnel, to a Memphis Greece needs to unlock loans BAD NEWS RISING apartment building for $55,000. from its creditors before June Also, Greece’s central bank It’s a dazzling array of offer - 30, when its bailout program ex - issued a dramatic warning in its ings, more than any other Amer - AP Photo/Yorgos kArAhAlis pires but Prime Minister Alexis annual report that, without a ican competitor offers. But list - Greek Prime Minister Alexis Tsipras in his Athens office, listening to Austrian Chancellor Werner Tsipras has been locked in a war ing is one thing, and selling is Faymann's plea for a deal with lenders ahead of the June 18 Eurogroup meeting. of words with the troika of the Continued on page 13 another, and the Marcus for - European Union-International mula, developed years ago Monetary Fund-European Cen - when he got started in a family tral Bank (EU-IMF-ECB) which business, to have his brokers wants him to impose more aus - share information and formalize Much Ado About Kofinas’ Bard Take terity before releasing a long- The Rev. the marketing process, works. delayed 7.2-billion euro ($8.1 Well. billion) installment needed to In 2014, the company han - By Constantine S. Sirigos energy and imagination novices He said “we are going to start keep the country from default - Gounaris dled 7,667 transactions with a TNH Staff Writer Demetri Kofinas, the producer, production of another comedy in ing and crashing out of the Eu - value of more than $33 billion. and director Alexis Confer. a few months, most likely another rozone. His success story was detailed NEW YORK – No argument is Kofinas, is a former technology rendition of Shakespeare. Even - Reform talks have faltered Flees His Post in a feature by the Bloomberg needed in favor of the classics. and media entrepreneur and Con - tually, I would like put on an an - and Greece refused to even news agency. Shakespeare and the great Greek fer has a day job that’s a bit more cient Greek comedy.” bring a new list to the Eurozone “They are the industry tragedians will be read until the challenging than those of many Kofinas is not the only Hellenic meeting setting the stage for a By Theodore Kalmoukos leader,” Mitchell Germain, a end of time, but to get audiences people in theater: Chief of Staff element in the play – besides showdown as the country goes New York-based senior analyst into theaters today, it helps to at Office of the Deputy Mayor for what Shakespeare absorbed from broke and said it can’t pay the TARPON SPRINGS - Father with JMP Securities. “They have bring fresh perspectives to pro - Strategic Policy Initiatives of New the ancients – one of the leads IMF some 1.6 billion euros ($1.8 Anastasios Gounaris, the pastor a database nobody else can ductions. York City. was Clio Contogenis, who re - billion) it owes in bundled op - of the Cathedral of St. Nicholas replicate,” he told the news The recent presentation of It is a contemporary rendition cently graduated from Princeton’s tions due the end of June, when in Tarpons Springs Florida, has agency. Shakespeare’s Much Ado About of one of Shakespeare’s love theater program. a four-month bailout extension abandoned his parish and the Marcus & Millichap’s revenue Nothing at the SoHo Playhouse comedies, Much Ado About Noth - Kofinas took a circuitous route runs out. active priesthood and has fled increased 28 percent in the first had a short but successful run – ing and “it was very successful, to Off-Broadway, but his passion Tsipras lashed at rescue to Greece alone. Even his wife three months of 2015 as sales its last two performances were great fun with great actors,” Ko - lenders for demanding pension Maria Gounaris was not aware volume jumped 30 percent to sold out – thanks in part to the finas told TNH. Continued on page 12 cuts. of what had transpired since $8.1 billion. He owns 55 percent those days she was visiting New of the company, which has al - York, where the news hit her. most quadrupled in value since Fr. Gounaris announced his its October 2013 initial public decision through e-mails to Met - offering, outpacing bigger com - Mertens ropolitan Alexios of Atlanta and panies such as CBRE Group Inc. the members of the community. and Jones Lang LaSalle Inc. According to the latest informa - Marcus also created Essex Interprets tion, his date of departure was Property Trust Inc., the West Thursday, June 11. Coast’s biggest apartment land - The community of St. lord, which owns more than Greek Vases Nicholas Cathedral is distraught, 50,000 units from Seattle to San and there apparently was a su - Diego. He controls about 2.4 perhuman effort to keep the percent of the $15 billion real By Constantine S. Sirigos news from leaking out. estate investment trust. TNH Staff Writer Last Sunday the Liturgy was So how did Marcus do it in a celebrated by Fr. James business notorious for often-vi - NEW YORK – The people who Rousakis. During communica - cious competition? Marcus, who heard Joan R. Mertens speak tions with Fr. Rousakis, he re - has a net fortune estimated at “On the Art of Interpreting fused to comment and referred $1.9 billion – although he never Greek Vases” at the lecture pre - TNH to the Metropolis of At - shows up in wealth rankings – sented by the Hellenic-American lanta. Cultural Foundation (HACF)will Fr. Gounaris had served the Continued on page 3 pay more attention to the details community of St. Nicholas for a the next time they encounter a year. He was transferred there Grecian urn - “in the flesh” as from the Archdiocesan Cathe - she said, at places like the Met - dral of the Holy Trinity in New ropolitan Museum of Art, on its York after outrageous develop - Greeks Just website, Metmuseum.org or in ments that Fr. Gounaris report - photos. edly provoked. The HACF’s and president, In the e-mail send to his Love Their attorney Nicholas Kourides, parishioners on Thursday June thanked the Foundation’s Board 11 Fr. Gounaris wrote among for its work and support, includ - other things that “it has been an Glendi Time ing the two organizers of the honor serving Christ's Church event, John Vasily and Robert AP Photo/thAnAssis stAvrAkis for nearly 32 years and to have Shaw, the Foundation’s vice Immigrant Greek Sea Saga had the privilege of serving St. By Steve Frangos chairman, who introduced the Nicholas Cathedral for the past TNH Staff Writer speaker.