Greek diaspora tapped for donations to cancel debt

Greeks living abroad are being asked to contribute to a charity domiciled in Delaware that plans to buy up and forgive Greek government debt. Greek shipping heir Peter Nomikos aims to tap the Greek diaspora to help reduce the Greek national debt with a US-based non-profit called “Greece Debt Free” — GDF will buy debt and cancel it or otherwise use it to lower the Greek government’s burden while allowing donors a deduction on their U.S. tax payments.
(02.07.2012) Kathimerini English Edition (by Ben Vickers)
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